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You want t o buy a new car for $ 5 0 , 0 0 0 . What i s the payment i f the

You want

t o

buy a new car for $

50, 000 .

What

i s

the payment

i f

the term

i s 60

months and APR

= 5 % .

What

i s

the EAR

o n

this loan?

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