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Back to Assignment Attempts Keep the highest/2 8. Problem 5.08 (Loan Amortization and EAR) eBook You want to buy a car, and a local bank

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Back to Assignment Attempts Keep the highest/2 8. Problem 5.08 (Loan Amortization and EAR) eBook You want to buy a car, and a local bank will end you $10,000. The loan will be fully amortized over 5 years (60 months), and the nominat interest rate will be 12% with interest paid monthly. What will be the monthly loan payment? What will be the loan' BAR? Do not round intermediate calculations. Round your answer for the monthly loan payment to the nearest cent and for EAR to two decimal places Monthly loan payment: EAR: Grade It Now Save & Continue Continue without saving

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