Which of the following represents the annual cost of credit expressed on a percentage basis? Multiple Choice Annual percentage rate Finance charge Stated annual percentage rate Effective annual percentage rate Dave borrowed $600 on January 1,2022 . The bank charged him a $5.00 service charge, and interest was $44.20. If Dave paid the $600 in 12 equal monthly payments, what was the APR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place