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Friendlys Quick Loans, Inc., offers you 6 for 7 or I knock on your door. This means you get $6 today and repay $7 when

Friendlys Quick Loans, Inc., offers you "6 for 7 or I knock on your door." This means you get $6 today and repay $7 when you get your paycheck in one week (or else). The effective annual return Friendly's earns on this lending business is percent. If you were brave enough to ask, Friendly's would say that you were paying a percent APR. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16))

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