Assume that interest is the only finance charge. Use financial calculator to answer the questions. How much interest would be paid on a $8,000 installment loan to be repaid in 36 monthly installments of $265.94? Round the answer to 4 decimal places. ___ % per month What is the APR on this loan? Round the answer to 2 decimal places. ___%

Please go into detail on how to find the I/Y. I'm having so much trouble finding the I/Y part of the problem. If I don't type in the I/Y in a financial calculator, it does not work.