Friendly's Quick Loans, incorporated, offers you $8.50 today but you must repay $10.75 when you get your paycheck in one week (or eise) a. What is the effective annual return Filiendly's earns on this lending business? Note: Do not round intermediate calculations and enter your answer as o percent rounded to 2 decimal places, e.9., 32.16. b. If you were brave enough to osk, what APR would Friendly's soy you were paying? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. You're prepared to make monthly payments of \$225, beginning at the end of this month, into an account that pays an APR of 6.5 percent compounded monthly. How many payments will you have made when your account balance reaches $15,000 ? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16