value 10.00 points Payday loans are very short-term loans that charge very high interest rates. You can borrow $300 today and repay $405 in two weeks. What is the compounded annual rate implied by this 35 percent rate charged for only two weeks? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Reterences eBook & Resources Worksheet Oifficuty:2 intermediate Check my work 19 8 4 5 6