Question: help Problem 5-2 Determining an Annual Interest Rate (L05-2] A payday loan company charges 9.00 percent Interest for a two-week period. What is the annual

help Problem 5-2 Determining an Annual Interest Rate (L05-2] A payday

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Problem 5-2 Determining an Annual Interest Rate (L05-2] A payday loan company charges 9.00 percent Interest for a two-week period. What is the annual Interest rate? (Do not round Intermedlate calculations. Enter your answer as a percent rounded to 2 declmal places.) Annual percentage rate 2.34 %

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