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A car dealer carries out the following calculations.What is the annual percentage rate? List price$5,227.00 , Options $1,625.00, Destination charges $200.00, Subtotal $7,052.00, Tax$431.58, Less

A car dealer carries out the following calculations.What is the annual percentage rate?

List price$5,227.00 , Options $1,625.00, Destination charges $200.00, Subtotal $7,052.00, Tax$431.58, Less trade-in $2,932.00 , Amount to be financed $4,691.03 , 10% interest for 48 months $1,501.63 Total $6,192.66 ,MONTHLY PAYMENT $129.00

Please round your answer to one decimal place.

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