Business, 30.11.2019 06:31 ashleyrturner08

You want to buy a car, and a local bank will lend you $20,000. the loan would be fully amortized over 5 years (60 months), and the nominal interest rate would be 12%, with interest paid monthly. what is the monthly loan payment? what is the loan’s eff%?

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You want to buy a car, and a local bank will lend you $20,000. the loan would be fully amortized ove...