Compound Frequency Payday loans are very short-term loans that charge very high interest rates. You can borrow $900 today and repay $1,071 in two...

Compound Frequency Payday loans are very short-term loans that charge very high interest rates. You can borrow $900 today and repay $1,071 in two weeks. What is the compound annual rate implied by this 19 percent rate charged for only two weeks?

a.20.85%

b. 9,109.18%

c. 22.80%

d.19.80%