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please show the steps to slove 5-8. LOAN AMORTIZATION AND EAR YOu want to buy a car, and a local bank will lend you (

please show the steps to slove 5-8. LOAN AMORTIZATION AND EAR YOu want to buy a car, and a local bank will lend you $ \$ 40,000 $. The loan will be fully amortized over 5 years ( 60 months), and the nominal interest rate will be 2 answers

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