Question: This question: 3 Submit test point(s) possible Find the nominal annual rate of interest compounded monthly that is equivalent to 5.8% compounded quarterly. The nominal

This question: 3 Submit test point(s) possible Find the nominal annual rate of interest compounded monthly that is equivalent to 5.8% compounded quarterly. The nominal annually compounded 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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