Suppose you won $$5,000$ from a lottery ticket and thought it would be a good ilea to irvest ther money for cee year at $6\%$ APR compounded monthly.

$($a$)\frac{?}{2}$ pts$]$ What is the mothly percoutage rate the bank will tue?

$\frac{\mathrm{.}06}{12}=\mathrm{.}005=0\mathrm{.}5\%,0\mathrm{.}5\%$

$($b$)10$ pts