Question: Convert the given interest rates in the left-hand column into the nominal rates listed in the right-hand column. (Assume 4 weeks/month.) Given Interest Rate Desired

Convert the given interest rates in the left-hand column into the listed in the right-hand column. (Assume 4 weeks/month.)
Given Interest Rate Desired Interest Rate
1% per month ......... Nominal rate per year
3% per quarter ......... Nominal rate per 6 months
2% per quarter ......... Nominal rate per year
0.28% per week ....... Nominal rate per quarter
6.1% per 6 months ....... Nominal rate per 2 years

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