in this problem: if you wanted to put aside $2,000 a year for 10 years ginven a 10% rate of return (compounded monthly) Here, is it the 10 % every month, or the 10% is divided by 12 months of the year and then every month the % is 0.83%?

Question

in this problem:  if you wanted to put aside $2,000 a year for 10 years ginven a 10% rate of return (compounded monthly)  Here, is it the 10 % every month, or the 10% is divided by 12 months of the year and then every month the % is 0.83%?