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You would like to purchase a car for$7,097.00 .If the car loan is11.88%financed over5.0years, what will the monthly payments be for this car? What is

  1. You would like to purchase a car for$7,097.00 .If the car loan is11.88%financed over5.0years, what will the monthly payments be for this car?
  2. What is the most that you would pay for an investment that promises to pay$20,691.00a year forever with the first payment starting one year from now?Assume that your required rate of return for this investment is26.28% .

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