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Business, 13.02.2020 18:55 goopatogen5889

You want buy a car, and a local bank will lend you $30,000. The loan will be fully amortized over 8 years (96 months), and the nominal interest rate will be 12% with interest paid monthly. What will be the monthly loan payment? What will be the loans EAR?

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You want buy a car, and a local bank will lend you $30,000. The loan will be fully amortized over 8...
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