Keep the Highest: 12 3. Problem 5.0 (Loan Amortization and EAR) eBook 1 Problem Walk-Through You want to buy a car, and a local bank will lend you $30,000. The loan will be fully amortized over 5 years (60 months), and the nominal Interest rate w be 4% 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 anthly loan payment to the nearest cent and for EAR to two decimal places. Monthly loan payment: $ EAR: % Save Continue Continue without saving