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An important financial institution that assists in the initial sale of stocks is the a) investment bank. b) commercial bank. c) stock exchange. d) brokerage

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An important financial institution that assists in the initial sale of stocks is the a) investment bank. b) commercial bank. c) stock exchange. d) brokerage house. You take out a $50,000 loan to purchase a new car and agree to pay off the loan in equal monthly installments over five years. The nominal interest rate is 6%. What is your monthly payment

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