365(365sqrt1.065-1) the answer is supposed to be 6.298% and I get a very different answer. please help

365(365sqrt1.065-1) the answer is supposed to be 6.298% and I get a very different answer. please help

 

365(365*sqrt(1.065)-1) = 137121.6508633656404266

 

365(365*sqrt(1.065-1) = 33965.843734919937949025507846228006527981669214705936570032

 

What was the original question?

 

If you were trying to convert it from annual compound to NOMINAL rate compounded daily, then this is how to it: (1 + 0.065)^(1/365) =1.000172548 - 1 =0.000172548 x 365 x 100 =6.298%.