20. Chapter MC, Section .04, Problem 165.Algo The store where you bought new home furnishings offers you two alternative payment plans. The first plan requires a $3,500 immediate up-front payment. The second plan requires you to make monthly payments of $137.41, payable at the end of each month for 3 years. What nominal annual interest rate is built into the monthly payment plan? Select the correct answer. a. 24.50% Ob. 24.00% Oc. 23.75% Od. 24.25% Ce. 23.50%