Question $13($Mandatory$)(1$ point$)$

A furniture store is offering free credit on purchases over $$1,000.$ You observe that a big$-$screen television can be purchased for nothing down and $$4,000$ due in one year. The store next door offers an identical television for $$3,650$ but does not offer credit terms. Which statement below best describes the cost of the "free" credit? $($Hints: Assume that $$3650$ is the present value for television and the question is asking for interest rate$)$

$0\%$

$8\mathrm{.}75\%$

$9\mathrm{.}13\%$

$9\mathrm{.}59\%$