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I am looking for some assistnace: Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 18%

I am looking for some assistnace: Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 18% compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as 1.5% per month.]

__________%

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