Your credit card company charges you $1\mathrm{.}47$ percent per month. What is the Effective Annual Rate $($EAR$)$ on your credit card?

Multiple Choice

$18\mathrm{.}39\%$

$19\mathrm{.}14\%$

$17\mathrm{.}64\%$

$16\mathrm{.}76\%$

$20\mathrm{.}10\%$