Question: You take out a $ 9 , 0 0 0 car loan that calls for 3 6 monthly payments starting after 1 month at an
You take out a $ car loan that calls for monthly payments starting after month at an APR of a What is your monthly payment? Do not round intermediate calculations. Round your answer to decimal places. b What is the effective annual interest rate on the loan? Do not round intermediate calculations. Enter your answer as a percent rounded to decimal places. c Now assume the payments are made in four annual yearend installments. What annual payment would have the same present value as the monthly payment you calculated? Do not round intermediate calculations. Round your answer to decimal places.
The last expert was incorrect in Part C Please help
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