HW CHS Back to Assignment Allemata Keep the Highest/2 8. Problem 5.00 Click here to read the book Comparing Interest Rates Doxhere to read the on Amarted Loans LOAN AMORTIZATION AND EAR You want to buy cw, and a local bank wil lend you $40,000. The loan will be fully amortired over 5 years (60 months), and the nominal Interest rate will be 10% with interest paid monthly a What will be the monthly loan payment? Do not round Intermediate steps. Round your answer to the nearest cont D. What will be the loans EAR? Do not round intermediate steps. Round your answer to the decimal places Grade it Now Save & Continue Continue without saving