A local rent to own company has a couch special where you can own a new couch by making payments of only $$119$ per month for $18$ months. The couch has a retail price of $$1,200$ if you bought it in full today. What is the annual NOMINAL rate $($APR$)$ of interest that you would be paying if you decided to agree to make the $18$ monthly payments? $($Note that this is a very high rate!$)$