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April 18, 2014

Homework Help: Finance

Posted by Miller on Tuesday, March 19, 2013 at 10:11am.

you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of $35,000 that will require monthly payments. What is the monthly loan payment. And what will the loan effective annual interest rate (EAR)?

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