Find the EAR its apparently not 27.43 or 297765.50

value 142 points Friendly's Quick Loans, Inc, offers you $8.75 today but you must repay $11.15 when you get your paycheck in one week (or else) What is the effective annual return Friendly's earns on this lending business? (Do not round intermediate calculations and enter your ar 32.16.) Effective annual return If you were brave enough to ask, what APR would Friendly's say you were paying? (Do not round intermediate calculations and enter yo e.g. 32.16.) Annual percentage rate 1426.28 % References eBook & Resources Worksheet ning Ob quoted (and misquoted Difficulty: 1 Basic