Find the effective rate of interest that is equivalent to a nominal rate of 16% compounded for the given times a year. Answer parts (a) through (e) (a) If the rate of interest is compounded yearly, then re (Round to three decimal places as needed.) (b) If the rate of interest is compounded semiannually, then to %. (Round to three decimal places as needed.) (c) the rate of Interest is compounded quarterly, then , -1% (Round to three decimal places as needed.) (d) If the rate of interest is compounded monthly, then, mompol (Round to three decimal places as needed.) (e) If the rate of interest is compounded daily, then %. (Round to three decimal places as needed.) ate