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Amortization schedule with periodic payments Moulton Motors is advertising the following deal on a used Honda Accord: Monthly payments of $228.26 for the next 48

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Amortization schedule with periodic payments Moulton Motors is advertising the following deal on a used Honda Accord: "Monthly payments of $228.26 for the next 48 months and this beauty can be yours! The sticker price of the car is $9.000. 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? If you bought the car, what monthly interest rate would you be paying? % (Round to five decimal places.) Inflation, nominal interest rates, and real rates. From 1991 to 2000, the U.S. economy had an annual inflation rate of around 2.21%. The historical annual nominal risk-free rate for this same period was around 4.93%. Using the approximate nominal interest rate equation and the true nominal interest rate equation, compute the real interest rate for that decade. What is the estimated real interest rate using the approximate nominal interest rate equation for that decade? 2.72% (Round to two decimal places.) What is the true annual real interest rate using the true nominal interest rate equation for that decade? (Round to two decimal places.)

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