You are considering whether to take advantage of the dealer's 0% financing deal or the cash back offer. If you take the 0% financing, you are ineligible for the cash back. The car you are considering buying sells for $20,000 MSRP under the 0% interest deal, but if you arrange your own financing, you can buy the car for $18,750. You have heard, though, that 0% interest deals may not end up costing you exactly 0% interest. Calculate the implied interest rate you are actually paying if you take the 0% financing, making you lose the cash back incentive. Assume 48 monthly payments and monthly compounding of interest. Round your payments to dollars and cents before calcuating the implied interest rate. Enter the interest rate in percent form rounded to two decimal places but without the % sign