Calculate the effective interest rate for each of the following nominal interest rates:

a. 2.46% compounded quarterly. % Round to two decimal places

b. 2.46% compounded monthly. % Round to two decimal places

Find the equivalent interest rates to the given nominal interest rates.

a. Nominal interest rate compounded quarterly that is equivalent to an effective interest rate of 7% % Round to two decimal places

b. Nominal interest rate compounded monthly that is equivalent to 6.5% compounded quarterly % Round to two decimal places

c. Nominal interest rate compounded monthly that is equivalent to 9% compounded annually % Round to two decimal places