Homework 1.2 and 1.3 Scenario #2 Scenario Description: An auto dealership is advertising that a new car with a sticker price of $19,140 is on sale for $16,999 if you pay in cash, or you get a finance for 60 months with a monthly payment of $319. Note that 60 payments x $319 per payment= $19,140, which is the sticker price of the car. By allowing you to pay in a series of payment (starting one month from now) instead of $16,999 in cash, the dealer effectively makes the loan of $16,999 to you. Your Task: If you choose the financing option, what is the interest rate that the dealership charges on your loan