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Annuity Payment and EAR You want to buy a car, and a local bank will lend you $30,000. The loan would be fully amortized over

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Annuity Payment and EAR You want to buy a car, and a local bank will lend you $30,000. The loan would be fully amortized over 3 years ( 36 months), and the nominal interest rate wi be 12% with interest paid monthly. What is the monthly loan payment? Do not round intermediate calculations. Round your answer to the nearest cent. What is the Ioan's EFFW? Do not round intermediate calculations, Round your answer to two decimal places

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