You are considering moving your money to a new bank offering a$$ one$-$year CD that pays an $12\%$ APR with monthly compounding. Your current$$ bank's manager offers to match the rate you have been offered. The account at your current bank would pay interest every six months. How much interest will you need to earn every six months to match the$$ CD$?$ First convert APR into a monthly discount$$ rate:

The monthly discount rate is

$$

enter your response here$\%.($Round to four decimal$$ places.$)$

Part $2$

Then compound the monthly discount rate into a $6$ month interest$$ rate:

The equivalent$6-$month discount rate is

$$

enter your response here$\%.($Round to four decimal$$ places.$)$