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You want to buy a car, and a local bank will lend you $ 2 5 , 0 0 0 . The loan will be

You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 5 years and the nominal interest rate will be 15%.(Part A): What will be the annual loan payment? (Part B): What will be the remaining prinicipal balance at the end of the 4th year? (Part C): What will be the interest rate payment for the 5th year? (Please show all steps for full transparency)

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