You want to buy a car and a local bank will lend you 3000


You want to buy a car, and a local bank will lend you $30,00. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 10% with interest paid monthly. what will be the monthly loan payment? What will be the loan's EAR?

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Financial Management: You want to buy a car and a local bank will lend you 3000
Reference No:- TGS01160513

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