Find the effective annual interest rate (EAR) for each of the following:

6.32 percent compounded quarterly. (Round answer to 2 decimal places, e.g. 15.25%.)

Effective annual rate%

8.31 percent compounded monthly. (Round answer to 2 decimal places, e.g. 15.25%.)

Effective annual rate

%

8.21 percent compounded semiannually. (Round answer to 2 decimal places, e.g. 15.25%.)

Effective annual rate

%

4.83 percent compounded daily. (Round answer to 2 decimal places, e.g. 15.25%. Use 365 days for calculation.)

Effective annual rate

%