This month youre running a little short on cash so you decide to use a cash in-advance company. Today you write the company a check for $1,096 and it agrees not to cash the check for one month. In exchange for the $1,096 check the company gives you $963 today. You paid interest over one month, but what annual percentage rate (APR) does this convert to?

please provide me with the correct answer! thank you.