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What annual percentage rate (APR) compounded monthly is equivalent to an interest rate of 6.25 % per year compounded semi-annually? A) 6.33% B) 6.21% C)

What annual percentage rate (APR) compounded monthly is equivalent to an interest rate of 6.25 % per year compounded semi-annually?

A) 6.33%

B) 6.21%

C) 5.99%

D) 6.17%

E) 6.03 %

Having trouble figuring out the steps have tried multiple different ways have not been able to quite solve it yet. Please help with step by step solution?

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