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You want to buy a new car for $91,500.00 The bank has quoted you a rate of 7.30% The term of the loan is 72
You want to buy a new car for | $91,500.00 | |
The bank has quoted you a rate of | 7.30% | |
The term of the loan is | 72 | months |
What will your monthly payments be and what is the EAR on the loan? |
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