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If you take out a 4year $8,000 car loan that calls for monthly payments at an APR of 10%, compounded monthly, what Is your monthly

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If you take out a 4year $8,000 car loan that calls for monthly payments at an APR of 10%, compounded monthly, what Is your monthly payment? What is the effective annual interest rate on the loan? (Round your answer to the nearest cent.) What is the effective annual interest rate on the loan? (Round your answer to 2 decimal places. Do not round intermediate calculations.)

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