Question: 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%

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)
9.53% per year, compounded semiannually
(c)
7.01% per year, compounded daily

Compute each periodic interest rate, as a decimal, given the nominal

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) 9.53% per year, compounded semiannually (c) 7,01\% per year, compounded daily

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