Enabled: Final EXAM$32$The treasurer of Brandon Blue Sox is seeking a $$32,000$ loan for $180$ days from the Brandon Credit Union. The stated interest rate is $14$ percent and there is a $20$ percent compensating balance requirement. The treasurer always keeps a minimum of $$2,700$ in the firm's chequing account. These funds could count toward meeting any compensating balance requirements.What is the annual rate of interest on this loan? $($Use $365$ days in a year. Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)01$:$16$:$30$Annual rate of interest$\%$