First America Bank’s monthly payment charge on a 48-month, $18,000 loan is $498.26. The U. S. Bank’s monthly payment fee is $507.70 for the same loan amount. What would be the APR for an auto loan for each of these banks? (Do not round intermediate calculations. Round your final answers to the nearest tenth percent.)

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.