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Determine the effective annual interest rate for the following interest rates: a. 4% per quarter, compounded monthly Answer: % 17.18 b. 6.5% nominal, compounded semi-annually

Determine the effective annual interest rate for the following interest rates:

a. 4% per quarter, compounded monthly Answer: % 17.18

b. 6.5% nominal, compounded semi-annually Answer: %6.61

d. 2.1% per month, compounded daily. Answer: %29.10

I have provided the answers but I don't know how to get those answers. Please help!

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