Problem 4 Prairie RV Mart offers the following deal. The buyer can pay $39,980 cash for a 2012 Grand Senator Class T RV and drive it off the lot. Alternatively, the buyer could make a 10% down payment right now and then pay "only" $1,000 at the end of every month for the next four years (i.e., pay $3,998 right now followed by 48 payments of $1,000 each). What is the monthly compounded APR implied in the second payment option? Note: You can use the IRR function or Goal Seek (or Solver) in Excel to solve this