Problem 5-14 Nominal Interest Rates A load has an annual effective rate of 8.00%. For monthly compounding, what is the annual percentage rate? What is the monthly rate charged? Effective Rate Compound per Year 8.00% What is the annual percentage rate? Do not round intermediate calculations. TThe annual percentage rate is What is the monthly rate charged? rate charged is The 12 %. Round your answer to the nearest two decimal places. %. Round your answer to the two decimal places.

Problem 5-14 Nominal Interest Rates A load has an annual effective rate of 8,00%. For monthly compounding What is the annual percentage rate? What is the monthly rate charged? What is the annusi percentage rate? Do net round intermediate calculations. The annual percentage rate is *4. Round your answer to the nearest two decimal pluces What is the monthly rate charged? The monthly rate changed is Round your answer to the two decirnat places