Use this advertisement to answer the question. Car financing for less. 2-year term; up to $40,000; 6% compoundes annually with a $500 up-front payment.

1. What part of the offered deal is the interest rate?
a. 2 year term
b. up to $40,000
c. 6% compounded annually
d. $500 up-front payment

c. 6% compounded annually