Question: Compute the compounding factor (1 + i), for money earning 6.6% compounded monthly for 21 months. The compounding factor is a (Round to six decimal

Compute the compounding factor (1 + i), for money earning 6.6% compounded monthly for 21 months. The compounding factor is a (Round to six decimal places as needed.) What nominal rate of interest compounded quarterly is equivalent to an effective rate of 5.99%? The nominal rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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