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13. Assume that you are going to buy a new car worth $28.000. You will be able to make a down payment of $5,000. The

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13. Assume that you are going to buy a new car worth $28.000. You will be able to make a down payment of $5,000. The remaining $23,000 will be financed by the dealer. The dealer computes your monthly payment to be $1540, for 60 months of financing. What is the dealer's annual rate of return on this car loan? Show your calculation steps (15pts) and Cashflow Diagram (5pts). (Total 20pts)

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