8. Problem 28-08 (Annuity Payment and EAR) eBook Annuity Payment and EAR You want to buy a car, and a local bank will lend you $15,000. The loan would be fully amortized over 6 years (72 months), and the nominal interest rate would be 12% with interest paid monthly. What is the monthly loan payment? Do not round intermediate calculations. Round your answer to the nearest cent $ What is the loan's EFF%? Do not round intermediate calculations. Round your answer to two decimal places.