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Mathematics, 21.05.2020 03:12 micahsocool23
You want to buy a car, and a local bank will lend you $30,000. The loan would be fully amortized over 6 years (72 months), and the nominal interest rate would be 6%, with interest paid monthly. What is the monthly loan payment? Do not round intermediate calculations. Round your answer to the nearest cent.
$
What is the loan's EFF%? Do not round intermediate calculations. Round your answer to two decimal places.
%
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You want to buy a car, and a local bank will lend you $30,000. The loan would be fully amortized ove...
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