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

You want to buy a car, and a local bank will lend you $35,000. The loan would be fully amortized over 5 years (60 months), and the nominal interest rate would be 9%, with interest paid monthly. a. What would be the monthly loan payment? Round your answer to the nearest cent. b. What would be the loan's EAR? Round your answer to two decimal places.

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