Due to an unforseen car breakdown, you have decided to get a loan from Pay-R-Quick payday loans. The loan is for $1170 and you pay it back 18 days later. You would have to pay back $1900 at the end of the 18 days. Assume the company compounds interst every 18 days. 1a. What is the effective interst rate per year? 1b. What would you owe if you kept the money for 1 year