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A car dealer carries out the following calculations. List price $5,368.00 Options $1,625.00 Destination charges $ 200.00 Subtotal $ 7,193.00 Tax $ 431.58 Less trade-in

A car dealer carries out the following calculations. List price $5,368.00 Options $1,625.00 Destination charges $ 200.00 Subtotal $ 7,193.00 Tax $ 431.58 Less trade-in $ 2,932.00 Amount to be financed $ 4,692.58 12% interest for 48 months $ 2,252.44 Total $ 6,945.02 MONTHLY PAYMENT $ 144.69 What is the annual percentage rate? (Round your answer to one decimal place.) X %

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