You are considering a short-term loan that charges 0.45% interest per day. What is the APR? What is the EAR? Alownd attempte. 3 What is the actual rate of interest you would be paying? APR EAR Now you're considering a payday loan. The finance charge is $5 for every $100 borrowed, and must be repaid in two weeks. If you cannot repay the loan in two weeks, it will roll over to a new payday loan with another finance charge. Assume there are 52 weeks in each year. You plan to borrow $900. What is the APR of this loan? What is the EAR of this loan