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1.74 is incorrect for part A so please show work for that answer Big Dom's Pawn Shop charges an interest rate of 14.5 percent per

image text in transcribed1.74 is incorrect for part A so please show work for that answer
Big Dom's Pawn Shop charges an interest rate of 14.5 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers. a. What rate should the shop report? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the effective annual rate? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16

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