The reasurer of a creat union proposes changing the method of compounding interest on presum savings accounts to menty compounding the curts is 64% compounded daily, what cominal uts should the treasurer suggest the board of directors to maintain the same effective rate of derest? The new nominal rate of interest should be (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed) Test: Assignment 3 (5%) The treasurer of a credit union proposes changing the method of compounding interest on premium savings accourts to monthly compounding the current rate a 64% compounded daily, what nominal rate should the theater suggest to the board of directors to maintain the same effective rate of interest? Question 7 of 9 The new nominal rate of interest should be% Round the trial answer to four decimal places as needed Round all intermediate values to six decimal places as needed) This test: 9 points possible This question: 1 pointi) possible Submit test