Question 4 of 7 Calculate the effective interest rate for each of the following nominal interest rates: a. 4.65% compounded quarterly. 0.00 % Round to two decimal places b. 4.65% compounded monthly. 0.00 % Round to two decimal places Question 5 of 7 Nicole invested $210,000 to purchase a home. After 15 years, she sold the home for $285,000. Calculate the effective interest rate earned on this investment. 0.00 % Round to two decimal places