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6.) A $30,000 new car loan is taken out with the terms 6% APR for 48 months. How much are monthly payments on this loan?

6.) A $30,000 new car loan is taken out with the terms 6% APR for 48 months. How much are monthly payments on this loan?

9.) A bank offers a loan that will requires you to pay 14% interest compounded monthly. Which of the following is closest to the EAR charged by the bank?

10.) A homeowner has five years of monthly payments of $1,600 before she has paid off her house. If the interest rate is 4% APR, what is the remaining balance on her loan?

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