You want to borrow $85,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,800, but no more. Required: Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (o.g.,32.16)) Highest rate 2.85 0%