Question: Please help me answer this question as accurately as possible What nominal rate of interest compounded quarterly is equivalent to an effective rate of 5.99%?

Please help me answer this question as accurately as possible What

Please help me answer this question as accurately as possible

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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