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You want to buy a car, and a local bank will send you 510,000. The loan will be fully amortired over 5 years (60 months),

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You want to buy a car, and a local bank will send you 510,000. The loan will be fully amortired over 5 years (60 months), and the nominal interest rate will be with interest of monthly. What will be the monthly loan payment? What will be the foar's EAR? Do not round Intermediate calculations, found your answer for the monthly loan payment to the newest cent and for EAR to two decimal places Monthly loan payments EAR

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