You recently sold an antique car you owned and valued greatly. However, you needed money and agreed to sell the car at a price of $58,000, to be paid in monthly payments of $1,500 each for 48 months. What annual interest rate did you charge for financing the sale?

a) 10.33 percent

b) 10.44 percent

c) 10.60 percent

d) 11.03 percent

e) 11.33 percent