Assume that interest is the only finance charge. Use financial calculator to answer the questions.

How much interest would be paid on a $$8,000$ installment loan to be repaid in $48$ monthly installments of $$211\mathrm{.}10?$ Round the answer to $4$ decimal places.

$\%$ per month

What is the APR on this loan? Round the answer to $2$ decimal places.

$\%$