Christines loan officer at Lighthouse Bank quotes her a rate on a $2,700,000, 5-year revolving line of credit that she will use to make the monthly payments to the previous owner of Smith Brothers, the company she is buying. The bank is using her $1,000,000 in retirement funds as collateral. Being very financially sophisticated after going to Kelley, she feels like the deal Bert is offering her with an APR of 6% is a bargain and based on her credit rating, she plans to borrow from the bank at a great rate too. What is the Effective Annual Rate (EAR) on her revolving line of credit if Lighthouse Bank charges her an APR of 5.75 percent, compounded monthly?