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1.11 7 points eBook Print Loan Payments a. If you take out an $18,500 car loan that calls for 48 monthly payments starting after
1.11 7 points eBook Print Loan Payments a. If you take out an $18,500 car loan that calls for 48 monthly payments starting after 1 month at an APR of 7.50%, what is your monthly payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Monthly payment b. What is the effective annual interest rate on the loan? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Effective annual interest References rate
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
9th edition
78034698, 978-0077502287, 77502280, 978-0078034695
