Problem
Helen is buying a $12,375 car with a $3000 down payment, followed by 36 monthly payments of $325 each. The down paymentis 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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.