Ricky Ripov's Pawn Shop charges an interest rate of $13$ 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 intermedlate calculations. Enter your answer as a percent rounded to decimal places $($e$.$g$.,32\mathrm{.}16).$

Annual

percentage rate

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 places $($e$.$g$.,32\mathrm{.}16).)$

Effective annual rate $$