A payday loan is structured to obscure the true interest rate you are paying. For example, in Washington, you pay a $34 "fee" for a two-week $205 payday loan (when you repay the loan, you pay $239 ). What is the effective annual interest rate for this loan? Assume 26 bi-weekly periods per year. (Note: Round your calculation of the the two-week interest rate to at least five decimal places.) The effective annual interest rate is \%. (Round to two decimal places.)