Your bank account pays monthly interest with an EAR of $8\%.$ What amount of interest will you earn each month?

Question $48$ options:

$0\mathrm{.}64\%$

$0\mathrm{.}67\%$

$1\mathrm{.}00\%$

$0\mathrm{.}60\%$

$0\mathrm{.}80\%$