Construct a spreadsheet to convert a nominal interest rate compounded m times per year i (m) and convert it to an effective rate j n per 1 n of a year On the same spreadsheet, also start with an effective rate j m per 1 m of a year and convert it to a nominal rate i (n) compounded n times per year Use your spreadsheet to solve the following two problems a Given the nominal rate i (4) 8 950 , find the equivalent effective weekly rate b Given the effective weekly rate j 52 0 170 , find the equivalent nominal rate i (4)

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Question: Construct a spreadsheet to convert a nominal interest rate compounded m times per year i (m) and convert it to an effective rate j n

Construct a spreadsheet to convert a nominal interest rate compounded m times per year i^(m) and convert it to an effective rate j_n per 1/n of a year. On the same spreadsheet, also start with an effective rate j_m per 1/m of a year and convert it to a nominal rate i⁽ⁿ⁾ compounded n times per year. Use your spreadsheet to solve the following two problems:

a. Given the nominal rate i⁽⁴⁾ = 8.950%, find the equivalent effective weekly rate.

b. Given the effective weekly rate j₅₂ = 0.170%, find the equivalent nominal rate i⁽⁴⁾.

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