An investor has the opportunity to make an investment that will provide an effective annual yield of 14.5 percent. She is considering two other investments of equal risk that will provide compound interest monthly and quarterly, respectively. Required: a. What must the equivalent nominal annual rate (ENAR) for an investment that will provide compound interest monthly to ensure that an equivalent annual yield of 14.5 percent is earned? b. What must the equivalent nominal annual rate (ENAR) for an investment that will provide compound interest quarterly to ensure that an equivalent annual yield of 14.5 percent is earned? (For all requirements, do not round your intermediate calculations and round your final answers to 2 decimal places.) % a. Equivalent nominal annual rate - monthly compounding b. Equivalent nominal annual rate - quarterly compounding %