Finance Help with Texas Instruments BAII: How to find the effective rate from nominal rate?

1 month ago
12

The nominal rate is 14%. Find the effective rate in
Annually ; n =1
semiannually ; n = 2
quarterly ; n = 4
monthly ; n = 12
daily ; n = 365 or 366
Effective rate=(1+(Nominal Rate)/n)^n-1

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