Lonnie Lexus is a realtor specializing in high-end real estate in the Point Grey area of Vancouver. He just earned a commission of $80,000 on the sale of a house. The commission wont be released by the lawyer for 90 days. Lonnies bookie offered to give him $75,000 now in exchange for him signing over the commission when it is released. What is the effective interest rate of Lonnie taking his bookie up on the offer?