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You finance the purchase of a $104,880 Porsche 911 Carrera Coupe for $1,199 per month for 36 months plus $7,199 down today and an additional

You finance the purchase of a $104,880 Porsche 911 Carrera Coupe for $1,199 per month for 36 months plus $7,199 down today and an additional final payment of $65,025.60 at the end of the 36 months. Here is a timeline of your financing cash flows:

Date 0 1 2 ... 35 36
Cash Flow

$104,880 -$7,199 = $97,681

-$1,199 -$1,199 ... -$1,199

-$1,199 -$65,025.60 =-$66,224.60

What is the APR on this financing arrangement?

Group of answer choices

4.3481%

1.2883%

4.1781%

4.2638%

0.3553%

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