Master Card and other credit card issuers must by law print the Annual

Percentage Rate $($APR$)$ on their monthly statements. If the APR is stated to be $19\%,$ with interest paid monthly, what is the card's EFF$\%?$

$21\mathrm{.}25\%$

$21\mathrm{.}75\%$

$20\mathrm{.}75\%$

$22\mathrm{.}25\%$

$22\mathrm{.}75\%$