Question: need help! Convert 2.51% compounded quarterly to an equivalent interest rate compounded monthly. Round the effective rate to four decimal places, round the final answer,

need help! need help! Convert 2.51% compounded quarterly to an equivalent interest rate compounded

Convert 2.51% 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. EFF = (4 decimal places) NOM(2)= C/Y(2) (4 decimal places)

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