please show work

one year period. minus missed payments.

A student, has found himself in a sticky situation and is in need of $550 to pay for an urgent car repair. His options are to either put the charge on his credit card or turn to a lending app like Earnin to obtain the needed funds. His credit card calculates interest based on 22.85% compounded monthly, and the lending app requires borrowers to pay $42 at the end of each week for 16 weeks. Assume that he has no previous outstanding balance on his credit card, if he selects credit card as the lending mechanism, he will miss (i.e. not pay) the first four payments and there will no missed payments with the lending app. Which option will require Nom to pay the greater total amount? For each scenario find/state the following: nominal interest rate (APR or per year), effective interest rate (per month), and effective annual interest rate