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Chapter 6: Dropbox 3.4 Problem T: Calculating Loan Payments and EAR _ _ _ _ You want to hullr a new sports coupe for $79,560

Chapter 6: Dropbox 3.4 Problem T: Calculating Loan Payments and EAR _ _ _ _ You want to hullr a new sports coupe for $79,560 and the nance ofce at the dealership has quotes you an APR of 5.3 percent for a lEllmonth loan to our.r the car. a} 1ll'llhat will your monthly payments be? b} What is the eective annual rate (EAR) on this loan? I Create your Original Solution Below - Be sure to show all calculations and clearly indicate answers

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