Pay Rate Calculator Lab 4 Question 3 - Finanace Question Regarding Effective Monthly Rate And Effective Annual Rate- Please Read?

Lab 4 Question 3 - Finanace question regarding effective monthly rate and effective annual rate- please read? - pay rate calculator

Lab 4 Question 3 - Question Finanace the effective monthly rate and annual percentage rate, please read?
The question that I see can not find a way, the fees hereinafter referred to as a solution with a simulator II BA or a financial calculator. Who knows how to solve the types of use of a computer?

A local finance company for a premium of 10 percent on loans of one year. So, if you borrow $ 30,000 from us, the interest for the year will be U.S. $ 3,000. Because you pay a total of $ 33,000 per year, the finance company requires you to pay $ 33,000 / 12, or $ 2750 per month for the next 12 months.

(a) This is not really 10 percent of the loan. Instead, what the effective monthly rate?