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