Question: Friendlys Quick Loans, Inc., offers you three for four or 1 knock on your door. This means you get $3.30 today and repay $4.30 when

Friendlys Quick Loans, Inc., offers you three for four or 1 knock on your door. This means you get $3.30 today and repay $4.30 when you get your paycheck in one week (or else).

APR? _____(2 decimal places)

EAR?______(2 Decimal Places)

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