Use the EFFECT$()$ and NOMINAL$()$ functions to corvert between the following interest rates.

$2$ You can verify answers by using formulas from class.

$3$

$\backslash$table$[[4,$Effective Rate,Nominal Rate,Compoundings$],[5,6\mathrm{.}00\%,5\mathrm{.}88\%,3],[6,2\mathrm{.}52\%,2\mathrm{.}50\%,4],[7,12\mathrm{.}00\%,11\mathrm{.}38\%,14],[8,19\mathrm{.}00\%,17\mathrm{.}52\%,12],[9,27\mathrm{.}00\%,24\mathrm{.}31\%,7],[10,22\mathrm{.}00\%,20\mathrm{.}03\%,14],[11,15\mathrm{.}00\%,14\mathrm{.}22\%,4],[12,29\mathrm{.}00\%,25\mathrm{.}64\%,19],[13,13\mathrm{.}00\%,12\mathrm{.}32\%,8],[14,14\mathrm{.}00\%,13\mathrm{.}1976,10],[15,14\mathrm{.}00\%,13\mathrm{.}54\%,2],[16,11\mathrm{.}00\%,10\mathrm{.}53\%,6]]$

Answer the following questions using the EFFECT$()$ and NOMINAL$()$ functions.

What is the annual effective interest rate if the yield is $12\%$ compounded quarterly?

Answer: $,12\mathrm{.}55\%$

$2.$ What is the nominal annual yield convertible monthly if the semiannuat effective rate is $4\%?$

$3.$ What is the semiannual effective rate if $i-$upper$-3$ equals $6\%?$

Answer:

$6\mathrm{.}090\%$

$4.$ What is $i-$upper$-4$ it the quarterly effective rate is $4\%?$

Answer: $16\mathrm{.}00\%$