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You want to buy a car, and a local bank will lend you $35,000.The loan will be fully amortized over 5 years (60 months), and

You want to buy a car, and a local bank will lend you $35,000.The loan will be fully amortized over 5 years (60 months), and thenominal interest rate will be 6% with interest paid monthly. Whatwill 1 answer

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