You are running short of cash and really need to pay your rent. A friend suggests that you check out the local title pawn shop. At the shop they offer to loan you $1,000 if you pay them back $1,200 in one week. It seems like a good idea to you because you don't want to sell your car and you are sure you will be able to pay the money back int week. What is the APR on this loan? 20% 1040% 520% 240%