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hi i need help worh this problem. can you show your work in excel please E F B D G H I 57. Loan Payments.

hi i need help worh this problem. can you show your work in excel please image text in transcribed
E F B D G H I 57. Loan Payments. You take out an $8,000 car loan that calls for 48 monthly payments starting after 1 month at an APR of 10%. (LO5-4) a. What is your monthly payment? b. What is the effective annual interest rate on the loan? c. Now assume the payments are made in four annual year-end installments. What annual pay- ment would have the same present value as the monthly payment you calculated? 2 M-5 TVM4 VMG TVM11 TVM

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