Silver Bank pays a [r]% nominal rate on deposits, with [m] c…

Silver Bank pays a [r]% nominal rate on deposits, with [m] compounding periods per year. What effective annual rate (EFF%) does the bank pay?   **Round your answer to the nearest three decimals if needed. Do not type the % symbol. Type your solution as a percentage and not as a decimal (i.e. 4.2 and not 0.042).  Blank Spreadsheet.xlsx