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Scorn 0.9 Check My Work You want to buy a car, and a local bank will lend you S1 000 he loan will be fully

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Scorn 0.9 Check My Work You want to buy a car, and a local bank will lend you S1 000 he loan will be fully amortized over 5 years 60 months and the nominal interest rate will be 8% with interest paid monthly. What will be the monthly loan payment? What will be the loan's EAR? Do not round Intermediate calculations. Round your answer for the for EAR to two decimal places. Monthly loan payment: $ 666.66 EAR: 00 Final E .pof

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