You deposit $$100$ at the end of every month for $7$ years. At the end of $7$ years you wish to have accumulated $$12,600.$ Using linear interpolation, what

nominal rate of interest, $j12,$ is required?

Multiple Choice

$11\mathrm{.}06\%$

$11\mathrm{.}15\%$

$11\mathrm{.}90\%$

$11\mathrm{.}94\%$