Moving to another question will save this response Question 2 Question 2 of 102 1 points Saved A. You are thinking about buying a car, and a local bank is willing to lend you $20,000 to buy it Under the terms of the loan, it will be fully amortized over 2 years (24 months), and the nominal rate of interest 12 percent with interest paid monthly What would be the monthly payment on the loan? 941443 B. What would be the effective rate of interest on the loan? 12