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Fast Eddie's Cars will sell you a 2016 Mazda MR2 for $9,000 with no money down. You agreed to make monthly payments for 3 years,
Fast Eddie's Cars will sell you a 2016 Mazda MR2 for $9,000 with no money down. You agreed to make monthly payments for 3 years, starting one month after the sale. The interest rate on the loan is 6% APR. What is the effective annual rate (EAR) on this loan? (1+(6%/12)^12-1 -6.17% Question 16 (3 points) Based on the previous question, how much is your monthly payment? So co DO $ % & 7 3 5 8 9 0 W E RT Y U S D F G H J K
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