$4,$ A loan is offered with monthly payments and a $9\mathrm{.}00$ percent APR. What's the loan's effective annual rate $($EAR$)?($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

Payments per year

APR

$12$

$9\mathrm{.}00\%$

Complete the following analysis. Do not hard code values in your calculations.

EAR