5 polnts Save A QUESTION 2 Jeremy is in the process of purchasing a car. The list price of the car is $36,000. If Jeremy pays cash for the car, the dealer will reduce he price by 10% Otherwise, the dealer will provide fir anong where Jeremy must pay S7705 at the end of each of the next five years. Compute the effective interest rate to the nearest percent that Jeremy would pay if he chooses to make the five annual payments? (use the Tables provided at the end of the Chapter 6 or search it online) 5% 6% 7% 8% Click Save and Submit to save and submit. Click Save All Ansvers to save al ansivers Save All Answers Save and Submi