Question: Compute each periodic interest rate, as a decimal, given the nominal interest rate and compounding period. ( Round your answers to four decimal places. )

Compute each periodic interest rate, as a decimal, given the nominal interest rate and compounding period. (Round your answers to four decimal places.)
(a)
8.88% per year, compounded quarterly
(b)
9.55% per year, compounded semiannually
(c)
7.01% per year, compounded daily

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