Back to Assignment Attempts Keep the Highest 12 8. Problem 5.00 (Loan Amortization and EAR) LE e look Problem Walk-Through You want to buy a car, and a local bank will lend you $35,000. 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? What will be the loan's EAR? Do not round intermediate calculations. Round your answer for the monthly loan payment to the nearest cont and for EAR to two decimal places Monthly loan payments $ EAR 5329 tory Grade it Now Save & Continue continue without a earch o M GD4 de