What is the effective annual rate for an APR of $17\mathrm{.}00$ percent compounded monthly?

Multiple Choice

$18\mathrm{.}39\%$

$18\mathrm{.}11\%$

$17\mathrm{.}21\%$

$19\mathrm{.}31\%$

$18\mathrm{.}25\%$