an auto dealership that a new car sticker price 34,128 is on sale for $25,995 if payment is made in full, or it can be financed at 0% interest for 72 months with a monthly payment of $474. mote that 72 payments x $474 per payments = 34,128, which is the sticker price of the car. by allowing you to pay for the car in series of payments ( starting one month from now) rather than 24,995 now, the dealer is effectively loaning you 25,995. If you choose the 0% financing option, what is the effective interest rate that the auto dealership is earning on your loan? ( hint: discount the payments back to current dollars, and use goal seek to find the discount rate that makes the net present value of the payments = $25,995) Enter your answer as a percentage. If required, round your answer to one decimal digit

an auto dealership that a new car sticker price 34,128 is on sale for $25,995 if payment is made in full, or it can be financed at 0% interest for 72 months with a monthly payment of $474. mote that 72 payments x $474 per payments = 34,128, which is the sticker price of the car. by allowing you to pay for the car in series of payments ( starting one month from now) rather than 24,995 now, the dealer is effectively loaning you 25,995. If you choose the 0% financing option, what is the effective interest rate that the auto dealership is earning on your loan? ( hint: discount the payments back to current dollars, and use goal seek to find the discount rate that makes the net present value of the payments = $25,995) Enter your answer as a percentage. If required, round your answer to one decimal digit