Question: please solve with steps and full explanation computation formula thanks Question 12 Retaken 0 / 5 points Rose's VISA balance is $1,500. She may pay

please solve with steps and full explanation computation formula thanks

Question 12 Retaken 0 / 5 points Rose's VISA balance is $1,500. She may pay it off in 8 equal end-of-month payments of $220 each. What interest rate is Rose paying per year? Click here to use Excel. Example of Answer: 6.20% Two decimal points. No comma, space, or $ sign. Answer: 4.00%

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