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Question 14 5 pts The present value of $100,000 discounted at a 6% nominal annual rate compounded quarterly for 3 years equals $83,638.74. What nominal

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Question 14 5 pts The present value of $100,000 discounted at a 6% nominal annual rate compounded quarterly for 3 years equals $83,638.74. What nominal annual rate compounded annually would give you the same present value? In other words, convert the 6% nominal annual rate compounded quarterly into an effective annual rate. 6.12% 6.00% 6.17% 6.14%

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