1 pts Question 20 You would like to purchase a new car. The purchase price of the car will be $20,000. You want to make a $2,000 down payment and then you will finance the remainder at your band over the next 5 years. If your monthly loan payment is $385, what is the effective annual rate of the loan? 10.29% 8.94% O 0.86% 10.639 10.7996