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Question 12 (1 point) Susan's car loan payments are $265.08 at the end of each month for four years. The amount she borrowed was $12,000.

Question 12 (1 point) Susan's car loan payments are $265.08 at the end of each month for four years. The amount she borrowed was $12,000. What is the monthly compounded nominal interest rate? 4.75% O 6.00% O2.00% 6.50% 10 50%

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