Problem 5-45 Calculating Annuities Due Interest Rates [LO 4] You have arranged for a loan on your new car that will require the first payment today. The loan is for $39,000, and the monthly oayments are $695. If the loan will be paid off over the next 70 months, what is the APR of the loan? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16