Assume that you take a payday loan for $$$$400$ and have to repay

the loan with $$$$460$ in $1$ month. What is the monthly

interest$$rate$?$ What do you think the lender would claim the

APR$$is$?$ If you left this loan unpaid for one$$year$,$ what

would you$$owe$?$ What do you think the APR$$is$?$The monthly interest rate is$\_\_\_\_\_\%.($Type an integer or a$$decimal$.)$