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8. You want to purchase a new at moode car from BD Motors for $50,000. The contract is in the form of a 60-month annuity-due

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8. You want to purchase a new at moode car from BD Motors for $50,000. The contract is in the form of a 60-month annuity-due at 6% interest APR. If you put $20,000 down today, what will your monthly payment be? What is the Effective Annual Rate (EAR)? (4 Points)

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