Algebra 1. The nominal rate compounded monthly that is equivalent to 5.31% compounded quarterly is?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
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Algebra

1. The nominal rate compounded monthly that is equivalent to 5.31% compounded quarterly is? 
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