Question: Bergheims Quick Loans Inc. offers you three for four or I knock on your door. This means you get $3 today and repay $4 when

Bergheims Quick Loans Inc. offers you three for four or I knock on your door. This means you get $3 today and repay $4 when you get your pay cheque in one week (or else). (Do not round intermediate calculations. Round the final answers to 2 decimal places.)

If you were brave enough to ask, what is the weekly compounded APR Bergheims would say you were paying?

Weekly compounded APR %

Whats the effective annual return Bergheims earns on this lending business?

EAR %

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