An automobile loan of

$12,000

at a nominal rate of

4%

compounded monthly for 48 months requires equal end-of-month payments of

$270.95

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An automobile loan of $12,000 at a nominal rate of 4% compounded monthly for 48 months requires equal end-of-month payments of $270.95. Complete the table below, as you would expect a bank to calculate the values. (Round to the nearest cent.) An automobile loan of $12,000 at a nominal rate of 4% compounded monthly for 48 months requires equal end-of-month payments of $270.95. Complete the table below, as you would expect a bank to calculate the values. (Round to the nearest cent.)