You want to buy a car, and a local bank will lend you $20,000. The loan would be fully amortized over 5 years(60 months), and the nominal interest rate would be 12% with interest paid monthly. What is...

You want to buy a car, and a local bank will lend you $20,000. The loan would be fully amortized over 5 years(60 months), and the nominal interest rate would be 12% with interest paid monthly. What is the monthly lob payment? What is the loan's EFF%?