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A company plans to place money in a new venture capital fund that currently returns 18% per year (nominal interest), compounded monthly. What is the

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A company plans to place money in a new venture capital fund that currently returns 18% per year (nominal interest), compounded monthly. What is the effective rate yearly? O A 19.56% OB. 18% C. 19.72% OD. 18.75%

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