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Annuity Payment and EAR Assignment | Homework For You

Author:
January 29th, 2020

Problem 4-8 Annuity Payment and EAR

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you want to buy a car, and a local bank will lend you $10,000. The loan would be fully amortized over 6 years (72 months), and the nominal interest rate would be 10% with interest paid monthly.Homework For You What is the monthly loan payment? Do not round intermediate calculations.Do not round intermediate calculations. Round your answer to the nearest cent.
$ _______

What is the loans EFF%? Round your answer to two decimal places. _______ %Get Finance homework help today

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