Question: For the effective rate to be 7 % , what must be the corresponding nominal interest rate with: ( Do not round the intermediate calculations.

For the effective rate to be 7%, what must be the corresponding nominal interest rate with: (Do not round the intermediate calculations. Round your percentage answers to 2 decimal places.)
a. Annual compounding?
The corresponding nominal interest rate
%
b. Semiannual compounding?
The corresponding nominal interest rate
%
c. Quarterly compounding?
The corresponding nominal interest rate
%
d. Monthly compounding?
The corresponding nominal interest rate
%

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