Compute each periodic interest rate, as a decimal, given the nominal interest rate and compounding period. (Round your answers to four decimal places.)

(a)

8.88% per year, compounded quarterly

(b)

9.53% per year, compounded semiannually

(c)

7.01% per year, compounded daily

Compute each periodic interest rate, as a decimal, given the nominal interest rate and compounding period. (Round your answers to four decimal places.) (a) 8.88% per year, compounded quarterly (b) 9.53% per year, compounded semiannually (c) 7,01\% per year, compounded daily