Nominal annual interest rates!!HELP

[ahoffm05]

Could someone please help me with this practice question?

If the nominal annual interest rate is 13% compounded weekly, what is:
i. the weekly effective rate
ii. the annual effective rate
iii. the monthly effective rate

 

[Deleted member 4993]

Could someone please help me with this practice question?

If the nominal annual interest rate is 13% compounded weekly, what is:
i. the weekly effective rate
ii. the annual effective rate
iii. the monthly effective rate

Please show us your work, indicating exactly where you are stuck - so that we may know where to begin to help you.

 

[Denis]

(1 + .13/52)^52 is the effective annual:
for other "periods", result must equal above;
like if monthly: (1 + r/12)^12 = (1 + .13/52)^52 : solve for r

If you can't, you need help from Subhotosh