If a bank offers an investment opportunity for which the interest is compounded quarterly, and you will earn an annual effective interest rate of 19.25%. Determine the nominal interest rate. Note:...

Extracted text: If a bank offers an investment opportunity for which the interest is compounded quarterly, and you will earn an annual effective interest rate of 19.25%. Determine the nominal interest rate. Note: when calculating interest rates, do not convert to a percent. Leave it in decimal format and round to 4 places after the decimal. So if you think the answer is 3.45678%, then leave it as a proportion as 0.0345678 and then round to 0.0346.