Question $16$: What is the EAR corresponding to a nominal rate of $4\%$ compounded semiannually? Compounded quarterly? Compounded daily? Respectively.

Question $5$Answer

a$.$

$4\mathrm{.}04\%,4\mathrm{.}08\%,4\mathrm{.}06\%$

b$.$

$4\mathrm{.}08\%,4\mathrm{.}04\%,4\mathrm{.}06\%$

c$.$

$4\mathrm{.}04\%,4\mathrm{.}06\%,4\mathrm{.}08\%$

d$.$

$4\mathrm{.}06\%,4\mathrm{.}04\%,4\mathrm{.}08\%$