Question: 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

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 9%

_____%

Round to two decimal places

b. Nominal interest rate compounded monthly that is equivalent to 4% compounded quarterly

______%

Round to two decimal places

c. Nominal interest rate compounded semi-annually that is equivalent to 7% compounded annually

____%

Round to two decimal places

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