$20$

$5$

points

A check$-$cashing store is in the business of making personal loans to walk$-$up customers. The store makes only one$-$week loans at $7\mathrm{.}8$ percent interest per week.

a$.$ What APR must the store report to its customers? What EAR are customers actually paying?

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$APR$,405\mathrm{.}60,\%$