(1 point) (Exercise 3.28) A 60-month car loan of $13000 can be completely paid off with monthly payments of $262.97 made at the end of each month. What is the nominal rate of interest convertible monthly on this loan? a) Computed on an exact basis with a financial calculator. ANSWER = %. b) Approximated by the formula ig(n+1)200(ng)% for the equation an=g. (Note: The formula gives the approximated interest rate per payment period. To find the approximated nominal interet rate per year, you need to multiply it by the number 0 payments per year.) ANSWER = %