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A check - cashing store is in the business of making personal loans to walk - up customers. The store makes only one - week

A check-cashing store is in the business of making personal loans to walk-up customers. The store makes only one-week loans at 7.8 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.,32.16.)
\table[[APR,405.60,%
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