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Trevor's Tires is offering a set of 4 premium tires on sale for $ 6 9 0 . The credit terms are 3 6 months

Trevor's Tires is offering a set of 4 premium tires on sale for $690. The credit terms are 36 months at $25 per month. What is the interest rate (APR) on this offer? (Hint: Find the monthly rate by setting the PV
of the monthly payments equal to the price of the tires. Then convert it to APR by
multiplying by 12)
a.17.87%
b.17.92%
c.18.09%
d.18.16%
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