Derek decides to buy a new car. The deakership offers him a choice of paying $503.00 per month for 5 years (with the first payment due next month) or paying some $28.084.00 today, He can borrow money from his bank to buy the car What interest rate makes him indiferent between the two options? Submit Answer format: Percentage Round to 3 decimal places (Exampie 9 243 % % sign regured Will acept decimal format rounded to 5 decimal places (ex 0.09243)