## Nominal Annual Rate

So we just started this new stuff and i was getting it but we were using number now we dont have anumber given and im lost..

The question goes like this:

What Nominal Annual Rate compounded monthly is equivalent to

a) 10% effective
b) 8% compounded quarterly

Can anyone help me with these twoout, im sure once i get these two ill be fine with the rest of the homework.

Thank you