The ad for a 4-door sedan claims that a NEW 4-DOOR SEDAN! monthly payment of $299 constitutes 0% financing. Explain why that is false. Find the Zero down - 0% financing annual interest rate compounded monthly that $299 per month* is actually being charged for financing $16,485 Buy for $16,485. with 72 monthly payments of $299. *4-door sedan, 0% down, 0% for 72 months . . . The advertisement is false, because for 0% financing, the monthly payments should be $ not $299. (Round to the nearest cent as needed.)