Wilson recently lost a lot of money during a big card game and as a result, he needs a quick loan from Guido. Wilson needs $10,000 and Guido has agreed to lend him the $10,000 if he makes 10 monthly payments to Guido in the amount of $1,100, to be paid at the end of each month. Because the total amount to be repaid is $11,000, Guido points out that the interest rate is his customary 10% ($1,000 in interest on a $10,000 principal loan). Guido acknowledges that the effective annual rate is the true measure of the annualized interest and that it will be slightly higher because the monthly payments imply monthly compounding. However, neither Guido nor Wilson knows how to calculate the effective annual rate, so they have turned to you for help. What is the effective annual rate (E.A.R.) on this loan