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Problem 5-2 Determining an Annual Interest Rate [LO5-2] A payday loan company charges 9.00 percent interest for a two-week period. What is the annual interest

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Problem 5-2 Determining an Annual Interest Rate [LO5-2] A payday loan company charges 9.00 percent interest for a two-week period. What is the annual interest rate? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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