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LOAN AMORTIZATION AND EAR: You want to buy car, and a local bank will lend you $20,000. The loan will be fully amortized over 5
LOAN AMORTIZATION AND EAR: You want to buy car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and a nominal interest rate will be 12% with interest paid monthly. What will the monthly loan payment be? What will be the loan's EAR
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
