Company A is currently cash-constrained and must make a decision about whether to delay paying one of its suppliers or taking out a loan. They owe the supplier $18,633, and they can borrow the money from Bank A, which has offered to lend the firm $18,633 for 2 months at an APR (compounded) of 17%. The bank will require a (no-interest) compensating balance of 7% of the face value of the loan and will charge a $116 loan origination fee, which means Hand-to-Mouth must borrow even more than the $18,633. Compute the EAR of the loan.
Answer in percentages please.