You are the cfo of a publicly traded corporation, and as a part of your responsibilities you arrange loans for various short term and long term funding requirements. the investment bank who provides those loans has submitted to you a list of terms. you are requesting a $8,000,000 loan with a term of 4 months for short term financing needs, payroll, christmas bonuses to employees, accounts payable, etc., the investment bank will require your firm to repay $8,110,000 at the end of those three months. what is the apr and ear?