EAR to monthly APR is = (1+.04)^1/12-1

N = 12

I/Y = .327

PV = 10,000

PMT = ?

FV = 0

is this not how you would plug it into financial calculator??

Q7. Your bank pays interest monthly. EAR =4%. How much interest you will earn first month, if you deposited $10,000 ? r=.326PV=10,000N=12123.92APr=3.92