Margie wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Best Buggies would let her make quarterly payments of $$2,049\mathrm{.}0Q$ for $4$ years at a quarterly interest rate of $3\mathrm{.}74$ percent. Her first payment to Best Buggies would be due immediately. If Calffornla Cars would let her make equal monthly payments of $$657\mathrm{.}53$ for $4$ years and if her first payment to California Cars would be in $1$ month, then what is the monthly interest rate that Margie would be charged by California Cars?

$1\mathrm{.}07\%($plus or minus $1bps)$

$0\mathrm{.}95\%($plus or minus $1bps)$

$0\mathrm{.}99\%($plus or minus $1bps)$

$1\mathrm{.}02\%($plus or minus $1bps)$

none of the answers are within $1$ bps of the correct answer