sˈɪns ðə kwˈoʊɾᵻd jˈɪɹli pɚsˈɛntɪdʒ ɹˈeɪt ɪz nˌɑːɾə kɑːmpˈaʊndᵻd ɹˈeɪt, ðə mˈʌnθli pɚsˈɛntɪdʒ ɹˈeɪt ɪz sˈɪmpli ðə jˈɪɹli pɚsˈɛntɪdʒ ɹˈeɪt dᵻvˈaɪdᵻd baɪ twˈɛlv.
Since the quoted yearly percentage rate is not a compounded rate, the monthly percentage rate is simply the yearly percentage rate divided by 12.