You are given an APR (nominal) rate of 10.25%. You would like to convert this rate into a periodic interest rate and an effective interest rate.

If we assume monthly compounding:

What 'm' will you use in your conversion? ____ ... enter your answer as an integer with no decimal places (i.e. 1 )

What is the monthly periodic rate? _____... enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e. 0.1234)

What is the effective annual rate (EAR)? _____ ... enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e. 0.1234)