Note: This question will be graded manually since Moodle does not have the capability of doing it. Therefore, please do not take into account whether the computer indicates a correct or incorrect answer. The "Fly By Night" Used Car Lot uses the following to illustrate their 11.1% finance plan on a car paid over 4 years. Cost of the car: 11.1% finance charge: Total cost: $13400 $5949.6 $19349.6 (that is, 11.1%/year X S13400 x 4 years) $19349.6 Monthly payment: = S403.12. 48 The first payment must be made one month after purchase. What is the true interest rate compounded monthly being charged