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What are the nominal and effective annual rates for an account paying 99%, compounded as follows. Note that there are 365 days per year.

What are the nominal and effective annual rates for an account paying 99%, compounded as follows. Note that there are 365 days per year. (a) Annually? Enter the exact answers. Nominal Rate = % 20 Effective Rate = % (b) Quarterly? Enter the exact answer for the nominal rate and round your answer for the effective rate to three decimal places. Nominal Rate = i % Effective Rate = % (c) Daily? Enter the exact answer for the nominal rate and round your answer for the effective rate to three decimal places. Nominal Rate = Effective Rate = i 29 %

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