Ricky Ripev's Pawn Shop chafes an interest rate of 17 percent per month on loans to its customers. Like all lenders, Ricky must report an APR to consumers. Requirement 1: What rate should the shop report? (Round your answer as directed, but do not use rounded numbers In Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Annual percentage rate 204 % Requirement 2: What is the effective annual rate? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal pieces (e.g., 32.16).) Effective annual rate ____________ %