Question: EXTRA CREDIT (5 pts): PLEASE RECORD YOUR ANSWER ON THE BACK OF THE SCANTRON 21. Your orthodontist offers you two alternative payment plans. The first

EXTRA CREDIT (5 pts): PLEASE RECORD YOUR ANSWER ON THE BACK OF THE SCANTRON 21. Your orthodontist offers you two alternative payment plans. The first plan requires you pay in full for the treatment for $4,000, immediately. The second plan requires you to make monthly payments of $140.00 for 3 years. What nominal annual interest rate is built into the monthly payment plan

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