The "Fly By Night" Used Car Lot uses the following to illustrate their 10.2% finance plan on a car paid over 5 years. Cost of the car: $11200 10.2% finance charge: $5712 (that is, 10.2%/year x $11200 x 5 years) Total cost: $16912 $16912 Monthly payment: 60 = $281.87 The first payment must be made on the date of purchase. What is the true interest rate compounded monthly being charged