Question: You borrow $ 2 0 , 0 0 0 to buy a car. The terms of the loan call for monthly payments for five years

You borrow $20,000 to buy a car. The terms of the loan call for monthly payments for five years at an interest rate of 6 percent (per annum), compounded monthly. What is the amount of each monthly payment? Solve it using Excel functions. Make sure to write down the inputs for: PV, I/Y, N, and FV. Express the final answer in dollars.
You borrow $20,000 to buy a car. The terms of the

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