If Wilson buys an SUV for $$42,000$ and signs an $12\%$ note to make monthly payments for four years, what discount rate and how many periods will Wilson use to identify the factor from an interest table?

$48$ periods and a discount rate of $12\%$

$4$ periods and a discount rate of $12\%$

$12$ periods and a discount rate of $12\%$

$48$ periods and a discount rate of $1\%$