Calculating Interest Rate $($EAR$)$

Find the effective annual interest rate for each case. $($Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$

$\backslash$table$[[$APR$,\backslash$table$[[$Compounding$],[$Period$]],$Effective Annual Rate$],[7\mathrm{.}5\%,1$ month,$\%$