Convert 2.89% compounded quarterly to an equivalent interest rate compounded monthly. Round the effective rate to four decimal places, round the final answer, NOM(2), to four decimal places. C/Y (1)...

(I will give multiple thumbs up if you give correct answer)

Extracted text: Convert 2.89% compounded quarterly to an equivalent interest rate compounded monthly. Round the effective rate to four decimal places, round the final answer, NOM(2), to four decimal places. C/Y (1) NOM (1) = EFF = (4 decimal places) % NOM (2) = C/Y (2) (4 decimal places) Next Question Pri