You want to buy a car, and a local bank will lend you $$30,000.$ The loan will be fully amortized over $6$

years $(72$ months$),$ and the nominal interest rate will be $3\%$ with interest paid monthly.

$10-1.(2\mathrm{.}5$ points$)$ What will be the monthly loan payment?

A$.425\mathrm{.}81$

B$.435\mathrm{.}81$

C$.445\mathrm{.}81$

D$.455\mathrm{.}81$

E$.465\mathrm{.}81$

$10-2.(2\mathrm{.}5$ points$)$ What will be the loan$$s EAR?

A$.3\mathrm{.}0416\%$

B$.3\mathrm{.}0516\%$

C$.3\mathrm{.}0616\%$

D$.3\mathrm{.}0716\%$

E$.3\mathrm{.}0816\%$