$(1+0.09/n)^n -1$ , the expression gives the effective annual interest rate on a bank account that pays an annual interest rate of $9\%$ , compounded $n$ times per year. Which of the following expressions, shows the change in the effective rate on the bank account if the Interest is compounded monthly rather than if the Interest is compounded quarterly ?
2026-03-27 15:05:32.1774623932