Your credit card company charges you $1\mathrm{.}26$ percent per month. What is the Effective Annual Rate $($EAR$)$ on your credit card?

Multiple Choice

$15\mathrm{.}67\%$

$14\mathrm{.}36\%$

$17\mathrm{.}02\%$

$15\mathrm{.}12\%$

$16\mathrm{.}21\%$