A check-cashing store is in the business of making personal loans to walk-up customers. The store makes only one-week loans at 6.1 percent interest per week. a. What APR must the store report to its customers? What EAR are customers actually paying? (Round your answers to 2 decimal places. (eg- 3216) Annual percentage ate Effective annual rate 317 % | b. Now suppose the store makes one-week loans at 61 percent discount interest per week. What's the APR now? The EAR? (Round your answers to 2 decimal places (e.g., 32.16)) Annual percentage rate Effective annual rate c. The check-cashing store also makes one-month add-on interest loans at 6.1 percent discount interest per week. Thus if you borrow $80 for one month (four weeks).the interest will be ($80 x 1.0614 )-8= $21.38. Because this is discount interest, your net loan proceeds today will be $58.62 You must then repay the store $80 at the end of the month. To help you out, though, the store lets you pay off this $80 in installments of $20 per week. Whot is the APR of this loan? What is the EAR? (Round your answers to 2 decimal places. (e.g. 3216)) Annual percentage rate ffective annual rate