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i have only 1 attempt please need. correct answer. and please round the answer according to instructions given below the question in blue letters. A)
i have only 1 attempt please need. correct answer. and please round the answer according to instructions given below the question in blue letters. A) A bank pays 5.6% compounded monthly on certain types of deposits. If interest is compounded quarterly, what nominal rate of interest will maintain the same effective rate of interest? The nominal rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.) B) At what nominal rate of interest compounded quarterly will $300 earn $80 interest in six years? The nominal rate of interest is % (Round the final answer to four decimal places as needed Round all intermediate values to six decimal places as needed.) IF
i have only 1 attempt please need. correct answer. and please round the answer according to instructions given below the question in blue letters.
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