Amortization schedule with periodic payments. Moulton Motors is advertising the following deal on a used...
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Amortization schedule with periodic payments. Moulton Motors is advertising the following deal on a used Honda Accord: "Monthly payments of $245.00 for the next 48 months and this beauty can be yourst" The sticker price of the car is $9,845. 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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