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Recently, Julia Estes was interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $26,500 cash or $6,637

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Recently, Julia Estes was interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $26,500 cash or $6,637 at the end of each of 5 years. Compute the effective-interest rate to the nearest percent that Julia would pay if she chooses to make the five annual payments. (Round answer to o decimal places, es. 7\%6) Click here to view factor tables: Interest rate Recently, Julia Estes was interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $26,500 cash or $6,637 at the end of each of 5 years. Compute the effective-interest rate to the nearest percent that Julia would pay if she chooses to make the five annual payments. (Round answer to o decimal places, es. 7\%6) Click here to view factor tables: Interest rate

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