What is the effective annual rate if the annual percentage rate is $5\%$ compounded monthly? Enter your answer as a percentage rounded to two decimal

places. Do not include the percentage sign in your answer.

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Correct response: $5\mathrm{.}12+-0\mathrm{.}01\%$

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Given the EAR of $5\mathrm{.}12\%,$ what is the future value of $$9,000$ invested at an annual percentage rate of $5\%$ compounded monthly for $10$ years?

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Section Attempt $1$ of $1$