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show the excel fomulas used ES If you take out an $10,000 car loan that call for 60 monthly payments at of $250 each, what

show the excel fomulas used image text in transcribed
ES If you take out an $10,000 car loan that call for 60 monthly payments at of $250 each, what is your APR? What is the EAR? PV of loan Loan period Imonths Monthly payment Interest rates No. of compounding times per year Monthly rate APR EAR Ex. 6 Prepare an amortization schedule for the loan given in Ex 5. Draw a chart of interest payments and principal repayments. Month Beginning Balance Payment Interest pmt Principal pmt Ending Balance

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