Let m be a positive real number. Suppose interest is paid once every m years at a nominal interest rate. i (1/m). This means that the borrower pays interest at an effective rate of i(1/m)/(1/m)=m i ( 1/m) per m year period a. find an expression of i(1/m) in term of i b. if i (2/3)=0.06 find i c. see the atached picture