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Lionel's investment of $91,200.00 in a fund matured to $135,784.37 in 5 years. If the interest in the fund is compounded quarterly, calculate the following
Lionel's investment of $91,200.00 in a fund matured to $135,784.37 in 5 years. If the interest in the fund is compounded quarterly, calculate the following rounded to two decimal places.
a.Periodic interest rate
0.02%
8.29%
5.01%
2.01%
b.Nominal interest rate
0.08%
8.04%
11.05%
9.04%
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