Amortization schedule with periodic payments.$$Moulton Motors is advertising the following deal on a used Honda$$ Accord: $$ "Monthly payments of $$$$311\mathrm{.}02$ for the next $36$ months and this beauty can be$$ yours!" The sticker price of the car is $$$$9,500.$ If you bought the$$ car, what interest rate would you be paying in both APR and EAR$$ terms? What is the amortization schedule of the first six$$ payments?

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Part $1$

If you bought the$$ car, what monthly interest rate would you be$$ paying?