Question: Convert 2.19% compounded quarterly to an equivalent interest rate compounded monthly. Round the effective rate to four decimal places , round the final answer, NOM(2),

Convert 2.19% compounded quarterly to an equivalent interest rate compounded monthly. Round the effective rate to four decimal places, round the final answer, NOM(2), to four decimal places.

NOM (1) =

C/Y (1) =

EFF =

(4 decimal places)

NOM (2) =

(4 decimal places)

C/Y (2) =

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