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If a bank charges an interest rate of 0.75% per month, what interest rate must the bank quote on this lending arrangement? Do not round

If a bank charges an interest rate of 0.75% per month, what interest rate must the bank quote on this lending arrangement?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.

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