Rudy is in a bind. He has mounting legal fees and needs a loan from his uncle Louie. Rudy needs $300,000 and Louie has agreed to lend him the $300,000 if he makes 20 monthly payments to Louie in the amount of $20,000. Neither Rudy nor Louie is a financial expert but have agreed that the rate of interest on the loan is 33.33% since the total of the payments ($400,000) is 133.33% of the initial loan amount. Calculate the Annual Percentage Rate (APR) and Effective Annual Rate (EAR) for this loan