Question 14 Wade just agreed to a $30,000 loan from a loan shark. The loan requires weekly payments of $250 per week (52 weeks pe year) for the next four years. What are the annual rate (APR) and effective annual rate (EAR) of interest on the loan? APR 30.49%; EAR 30.01% APR 30.49%; EAR 35.53% APR does not exist; EAR does not exist APR 26.31%; EAR 30.01% APR 26.31%; EAR 35.53%