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Suppose a bond is priced at $972, has 16 years remaining until maturity, and has a 7% coupon, paid monthly. What is the amount of
Suppose a bond is priced at $972, has 16 years remaining until maturity, and has a 7% coupon, paid monthly. What is the amount of the next interest payment (in $ dollars)? $. You borrow $16410 to buy a car. You will have to repay this loan by making equal monthly payments for 7 years. The bank quoted an APR of 18%. How much is your monthly payment (in $ dollars)? $_
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