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You want to bury a car, and a local bank wil lend you $35,000. The loan will be fully arnortized over 5 yeans ( 60

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You want to bury a car, and a local bank wil lend you $35,000. The loan will be fully arnortized over 5 yeans ( 60 months), and the nominel interest nte will be. 6% with interest paid monthly. What wil be the monthly loan payment? What will be the loor's EAli? Do not round intermediate calculations. Hound your answer for the monthly loan payment to the nearet cent and for EMA to two decimal places. Monthly laan paryment 5 EAR

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