import com.imsl.finance.*;
import java.text.NumberFormat;

public class effectEx1 {
    public static void main(String args[]) {
        double nominalRate = .06;
        int nper = 4;
        double effectiveRate;
        
        effectiveRate = Finance.effect(nominalRate, nper);
        NumberFormat nf = NumberFormat.getPercentInstance();
        nf.setMaximumFractionDigits(2);
        System.out.println("The effective rate of the nominal rate, 6.0%, " +
        "compounded quarterly is " +nf.format(effectiveRate));
    }
}