Aarnav just bought a new car. He financed the purchase with a $27,150.00 loan that requires him to pay $517.50 per month for the next 5 years (first payment due exactly one month from today). What is the nominal annual interest rate (i.e., the p.a. rate) that Aarnay is being charged on this loan? 1) 7.63% 2) 9.48% 3) 5.41% 4) 4.51% 5) 45.10%