Question: The nominal interest rate associated with an ordinary general annuity is 8% compounded monthly. Rounded to the nearest 0.001%, what is the corresponding periodic rate

The nominal interest rate associated with an ordinary general annuity is 8% compounded monthly. Rounded to the nearest 0.001%, what is the corresponding periodic rate of interest that matches the payment interval for:
a. Annual payments?
b. Semiannual payments?
c. Quarterly payments?

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