Question 17 4 pts Elmer received a $75,000 loan from a loan shark. The loan required him to make payments of $1000 per week (52 weeks per year) for three years. What annual rate (APR) and effective annual rate (EAR) did the loan charge? APR does not exist: EAR does not exist 0 0 APR 47.90%; EAR 61.10% APR 47.90%; EAR 75.37% APR 56.48%; EAR 61.10% APR 56.48%; EAR 75.37% 0