An investor has the opportunity to make an investment that will provide an effective annualyield of 12 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) be for an investment that will provide compound interest monthly to ensure that an equivalent annual yield of 12 percent is earned? b. What must the equivalent nominal annual rate (ENAR) be for an investment that will provide compound interest quarterly to ensure that an equivalent annual yield of 12 percent is earned? Note: For all requirements, do not round intermediate calculations and round your final answers to 2 decimal places