Current Attempt in Progress Recently, Sally Estes was interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $26,400 cash or $6,267 at the end of each of 5 years. Compute the effective-interest rate to the nearest percent that Sally would pay if she chooses to make the five annual payments. (Round answer to O decimal places, e.g. 7%.)

Current Attempt in Progress Recently, Sally Estes was interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $26,400 cash or $6,267 at the end of each of 5 years. Compute the effective-interest rate to the nearest percent that Sally would pay if she chooses to make the five annual payments. (Round answer to 0 decimal ploces, eg. 7\%.)