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You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone claims

You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone claims that there is an investment that can give you a guaranteed average return of 8% per month, you did not believe them. What would be the annual percentage rate on the investment that the redditor describes? Answer as a percent. the answer is not 151.82. It is 96. How to solve for that?

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