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Question 14 4 pts You want to buy a car and your bank will lend you $65,000. The loan will be fully amortized over 5years,
Question 14 4 pts You want to buy a car and your bank will lend you $65,000. The loan will be fully amortized over 5years, and the nominal interest rate will be 8.5% with interest paid monthly. What will be the monthly loan payment? What will be the loan's EAR? $1,287; 8.79% $1,221; 8.68% 0 0 0 0 0 $1,334; 8.84% $1,299; 9.01% $1,317; 8.92%
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