$($a$)$ Compute the effective interest rate corresponding to a nominal interest rate of $26\%$ compounded monthly.

Effective interest rate, as a percent, rounded to $4$ decimal places $=$

$($b$)$ Compute the effective interest rate corresponding to a nominal interest rate of $25\mathrm{.}74\%$ compounded daily.

Effective interest rate, as a percent, rounded to $4$ decimal places $=$

$($c$)$ Select the investment that offers the better return.

$26\%$ compounded monthly

$25\mathrm{.}74\%$ compounded daily