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Payday loans are very short-term loans that charge very high interest rates. You can borrow $200 today and repay $225 in two weeks. What is

Payday loans are very short-term loans that charge very high interest rates. You can borrow $200 today and repay $225 in two weeks. What is the compoundannualrate implied by this 12.5 percent rate charged for only two weeks?Show your work/equation too.

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