(a) Compute the effective interest rate corresponding to a nominal interest rate of 6% compounded semiannually. Effective interest rate, as a percent, rounded to 4 decimal places Effective interest rate, as a percent, rounded to 4 decimal places = (b) Compute the effective interest rate corresponding to a nominal interest rate of 5.88% compounded daily. (c) Select the investment that offers the better return. 6% compounded semiannually 5.88% compounded daily X % = X %