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What is the APR of the loan? (Note: Do not roundintermediate calculations. Enter your answer as a percent roundedto 2 decimal places. Use a financial

What is the APR of the loan? (Note: Do not roundintermediate calculations. Enter your answer as a percent roundedto 2 decimal places. Use a financial calculator orExcel.)2. What is the effective Assume you take out a car loan of \( \$ 9,000 \) that calls for 36 monthly payments of \( \$ 340 \) each. a. What is the APR of the loan? Note: Do not round intermediate calculations. Enter your answe 1 answer

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