Note: Enter your answer and show all the steps that you use to solve this problem in the space provided You (or your parents) purchase a new car for $19,725.00 plus 4.75% sales tax. The down payment is $2,175.00 and you (or your parents) have an average credit rating. How much interest is accrued after the first month? Credit New Car APR (%) Used Car APR (%) 5.40 Excellent 5.65 6.35 Good 5.95 16.30 6.90 Average 17.60 Fair 7.55 9.80 10.0 Poor