(a) Compute the effective annual rate (EFF) for each of the following nominal Annual Percentage Rates (APR): 1.9% per year compounded annually. 2.9% per year compounded semiannually. 3.9% per year compounded quarterly. 4.9% per year compounded monthly. 5.9% per year compounded daily (use 365 days in a year). (b) Continuous compounding is the upper limit on the frequency of compounding. A continuously compounded rate (i) is related to an EFF by the equation: i in (1 + EFF) where in is the natural logarithm. An EFF is related to a continuously compounded rate by: EFF = 4.1 where e is the base of the natural logarithm. (1) Compute the EFF of 9% compounded continuously. (ii) An EFF of 10% is equivalent to what continuously compounded rate? (iii) An EFF of 9% is equivalent to what APR with quarterly compounding