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pls answer Consider the following: 16.8% p.a. compounded annually. 16.4% p.a. compounded monthly. 16.5% p.a. compounded quarterly. a. Determine the effective annual interest rate of

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Consider the following: 16.8% p.a. compounded annually. 16.4% p.a. compounded monthly. 16.5% p.a. compounded quarterly. a. Determine the effective annual interest rate of each of the nominal rates listed above. b. Which is the best interest rate for an investment? c. Which is the best interest rate for a loan

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