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11.6.5 What is the nominal arual rate of interest compounded monthly a 12-year loan of $14,100 is repaid by monthly payments of S160 made at

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11.6.5 What is the nominal arual rate of interest compounded monthly a 12-year loan of $14,100 is repaid by monthly payments of S160 made at the end of each month? The nominal anual foto of interest is compounded monthly (Round to two decimal places as needed.) Enter your answer in the answer box and then click Check Answer All parts showing Clear A MacBook Air 30 3 74 A 1 2 3 $ 4 % 5 6 & 7 8

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