The check-cashing store also makes one-month add-on interestloans at 7 percent discount interest per week. Thus if you borrow$260 for one month (four weeks), the interest will be ($260 ×1.074) – $260 = $80.81. Because this is discount interest, your netloan proceeds today will be $179.19. You must then repay the store$260 at the end of the month. To help you out, though, the storelets you pay off this $260 in installments of $65 per week. What isthe APR of this loan? What is the EAR? (Do not round intermediatecalculations and enter your answers as a percent rounded to 2decimal places, e.g., 32.16.)