You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone on reddit claims that there is an investment that can give you a guaranteed average return of 9% 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.

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To calculate the annual percentage rate APR on the investment ... View the full answer