The Payday loan seems a little crazy. Perhaps you can get a extra credit card to cover things.

You never want to pay more than $11\mathrm{.}2\%$ effective rate per year.

You went online and the reccomended card has two options.

$1$a$.$ What would be the APR $($Nominal rate per year$)$ if the card compounds every $2$ months?

$1$b$.$ What would be the APR $($Nominal rate per year$)$ if the card compounds every $4$ months? CALCULATE IN EXCEL FORMAT