Business, 28.10.2020 17:00, raweber

You want to buy a car, and a local bank will lend you $10,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 5% with interest paid monthly. What will be the monthly loan payment

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You want to buy a car, and a local bank will lend you $10,000. The loan will be fully amortized over...