Question: please help me solve step by step with formulas thank you 4. A 48-month car loan of $12,000 can be completely paid off with monthly

please help me solve step by step with formulas thank you

4. A 48-month car loan of $12,000 can be completely paid off with monthly payments of $300 made at the end of each month. What is the nominal rate of interest convertible monthly on this loan

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