Problem 5-32 Compound Frequency (LG5-7) Payday loans are very short-term loans that charge very high interest rates. You can borrow $300 today and repay $369 in two weeks. What is the compounded annual rote implled by this 23 percent rate charged for only two weeks? (Hint Compound the 2-week return 26 times for the annual return.) (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Compounded annual rato %