Question: Question 1 Calculate the effective interest rate for each nominal annual interest rate and compounding frequency. Show all the work please shown. Round your answer

Question 1
Calculate the effective interest rate for each nominal annual interest rate and compounding frequency. Show all the work please
shown. Round your answer to 2 decimal places.
a.12% Quarterly compounding
b.7% Semiannual compounding
c.14% Continuous compounding
Question 1 Calculate the effective interest rate for each nominal annual

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