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*Show steps please* You are borrowing $22,098 to buy a new car. You will make monthly payments on the car and owe nothing at the

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You are borrowing $22,098 to buy a new car. You will make monthly payments on the car and owe nothing at the end of the five year loan. What is the monthly payment assuming the interest rate is 7.7% compounded monthly? (Adjust everything to months, which assumes monthly compounding.) Round answer to the nearest dollar to minimize correct answers being counted as incorrect on Canvas. If you invest at a nominal (or quoted) rate of 7.3% but the rate is compounded 22 times a year, what is the effective annual rate (EAR)? State the answer in 4 decimal places so 7.56% is .0756

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