18. A pay day lender is offering a short-term loan of $1000 for 2 weeks at a quoted rate of 3.0225% per month. Furthermore, they will let you roll over your balance but with a fine equal to 10% of the balance each time you roll over. If you were not to repay your debt at all for a year what would be your effective rate of interest? You may assume there are 52 weeks in a year for this calculation.