Question: What is the effective interest rate corresponding to a nominal annual rate of: a. 6% compounded semiannually? b. 6%compoundedquarterly? c. 6% compounded monthly?

What is the effective interest rate corresponding to a nominal annual rate of:
a. 6% compounded semiannually?
b. 6%compoundedquarterly?
c. 6% compounded monthly?

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