1.00 points Problem 6-22 Calculating EAR LO4] Friendly's Quick Loans, Inc., offers you "$4.20 for $5.20 or I knock on your door" This means you get $4.20 today and repay $5.20 when you get your paycheck in one week (or else). If you were brave enough to ask, what APR would Friendly's say you were paying? (Do not round Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) APR 196 What's the effective annual return Friendly's earns on this lending business? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) References eBook & Resources orksheet Type here to search