Your bank account pays interest with an EAR of $4\%.$ What is the APR quote for this account based on semi$-$annual compounding? What is the APR with monthly compounding? $($Note: Be careful not to round any intermediate steps less than six decimal places.$)$

What is the APR quote for this account based on semi$-$annual compounding?

The APR quote for the account with semi$-$annual compounding is $\%.($Round to three decimal places.$)$

What is the APR with monthly compounding?

The APR quote for the account with monthly compounding is $\%.($Round to three decimal places.$)$