Question: Helen is buying a $12,375 automobile with a $3000 down payment, followed by 36 monthly payments of $325 each. The down payment is' paid immediately,

Helen is buying a $12,375 automobile with a $3000 down payment, followed by 36 monthly payments of $325 each. The down payment is' paid immediately, and the monthly payments are due at the end of each month. What nominal annual interest rate is Helen paying? What effective interest rate?

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