Big Show$$s Pawn Shop charges an interest rate of $27\mathrm{.}9\%$ per month on loans to its customers. Like all lenders, Big Show must report an APR to consumers.

What rate should the shop report? $($Round the final answer to $1$ decimal places.$)$

APR

$\%$

What is the effective annual rate? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

EAR