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You purchased a new car for $23,000. To purchase the car you have a loan with payments of $509.09 monthly for four years. What is

You purchased a new car for $23,000. To purchase the car you have a loan with payments of $509.09 monthly for four years.

What is the monthly interest rate on this loan?

What is the nominal annual interest rate on this loan?

What is the effective annual interest rate on this loan?

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