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solve by using excel formula please You want to buy a car, and a local bank will lend you $20,000. The loan will be fully

image text in transcribedsolve by using excel formula please
You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and nominal interest rate will be 12%, with interest paid monthly. a. What will be the monthly loan payment? b. what will be the loan's EAR

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