Find the effective rate corresponding to the given nominal rate. Round your answers to three decimal places.
?
6% / year compounded monthly
?
_____%
?
6% / year compounded daily
?
_____%
?

A. 6.183%,   6.136%
B. 6.168%,   6.183%
C. 6.136%,   6.000%
D. 6.183%,   6.000%


Answer: B

Mathematics

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