Chcere to read the eBook: Comparing Interest Rates click here to read the eBook: Amortized Loans LOAN AMORTIZATION AND EAR You want to buy a car, and a local bank w " lend you $40,000. The loan a be rully amortized over 5 years 60 months a. What will be the monthly loan payment? Do not round intermediate steps. Round your answer to the nearest cent and the nominal interest rate wil be 10% with interest paid month. s 4013.1 b. What will be the loan's EAA? Do not round intermediate steps. Round your answer to two decimal places Hide Feedback Incorrect