You are thinking about buying a new car with a sticker price of $$25,000.$ Since you do not have that kind of cash saved, you are inquiring about financing the car. The dealer is offering you a monthly compounding loan with fixed monthly payments of $$500$ over $5$ years, at which the loan will be fully paid off. What is the monthly rate of the financing offer? $17$ What is the annual percentage rate $($APR$)$ that is being offered?