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1. Annuity Payment and EAR You want to buy a car, and a local bank will lend you $10,000. The loan would be fully amortized

1. Annuity Payment and EAR 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 6%, with in...

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