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elek 1 Problem Walkthrough You want to buy a car and a local bank will lend you $30,000. The loan will be y amortid over

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elek 1 Problem Walkthrough You want to buy a car and a local bank will lend you $30,000. The loan will be y amortid over 5 years (60 month, and the nominal interest rate will be 12% with interest paid monthly. What will be the monthly on paymentWhat be the loan's EART 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 payments

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