rs. Like all Big Dom's Pawn Shop charges an interest rate of 27.7 percent per...
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rs. Like all Big Dom's Pawn Shop charges an interest rate of 27.7 percent per month on loans to its custome lenders, Big Dom must report an APR to consumers. What rate should the shop report? (Do not round intermediate calcualtions. Enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.) APR What is the effective annual rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, o.g., 32.16.) EAR
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