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Your child's orthodontist offers you two altermative payment plans. The first plan requires a $3.500 finmediate up-front peyment. The second plan requires jou to make

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Your child's orthodontist offers you two altermative payment plans. The first plan requires a $3.500 finmediate up-front peyment. The second plan requires jou to make monthly payments of $119.71, payable at the end of each month for 3 yesirs. What nominal anmual interest rate is built into the monthly payment plan? 4.1405% b. 7.1804 d 2521% e. 14.924

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