Question 3 Janice is an engineer with Southwest Airlines. She purchased Southwest stock for R6.90 per share and sold it exactly 1 year later for R13.14 per share. What did she earn in terms of; 3.1.1 effective annual rate and (2) 3.1.2 effective rate for quarterly compounding, (2) 3.1.3 for monthly compounding? (2) 3.1 For an interest rate of 18% per year, compounded continuously, calculate the effective monthly and annual interest rates