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You have decided to buy a $20,000 car. The local bank, Loansforall Savings and Trust, is willing to give you a 4-year loan at 12%

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You have decided to buy a $20,000 car. The local bank, Loansforall Savings and Trust, is willing to give you a 4-year loan at 12% annual interest. However, they are requiring that you make a 10% down payment on the car in order to get the loan. Assuming that you make the required down payment, what will your monthly payments be? Multiple Choice $526.68 $47401 $579.34 $395.26 What is the Yield-to-Maturity of a 6.5% coupon bond with semi-annual coupon payments, a par value of $1000, 12.5 years to maturity, and a current price of $1150? Multiple Choice 2.44% 5.39% 4.88% 10.79% 7.22% Activate Windows

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