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Amortization schedule with periodic payments. Moulton Motors is advertising the following deal on a used Honda​...

Amortization schedule with periodic payments. Moulton Motors is advertising the following deal on a used Honda​ Accord: ​ "Monthly payments of $307.74 for the next 36 months and this beauty can be​ yours!" The sticker price of the car is $9,400. If you bought the​ car, what interest rate would you be paying in both APR and EAR​ terms? What is the amortization schedule of the first six​ payments?

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jeff jeffy answered 1 year ago
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