You are up late one-night television instead of studying for your finance final when an ad for a Bowflex machine comes on. The machine sells for $999 but Bowflex allows you to make monthly payments of just $30.00 per month for 4 years. What is the annual rate of interest that Bowflex charging? Answer with two decimal places (example if your answer is 5.15%, type 5.15 as your answer in Canvas)