Question: A man buys a table saw at a local store for 180.00$.he may either pay cash for it now or pay 40.00$ now and 12.64$

A man buys a table saw at a local store for 180.00$.he may either pay cash for it now or pay 40.00$ now and 12.64$ a month for twelve months beginning thirty days hence,if the man chooses the payment plan what is the nominal interest rate he will be charged?provide cash flow diagrams and show your work

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