Question: You car cost $ 3 0 , 0 0 0 . You paid $ 5 , 0 0 0 cash and got a loan for

You car cost $30,000. You paid $5,000 cash and got a loan for $25,000. Your loan is 5 years with monthly payments and an interest rate of 8%.
What are your payments?
What is the EAR and the APR?
How much interest do you pay over the life of the loan?
(Please show work using the finance calculator!)
You car cost $ 3 0 , 0 0 0 . You paid $ 5 , 0 0 0

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