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Amortization schedule with periodic payments. Moulton Motors is advertising the following deal on a new Honda? Civic: "Monthly payments of ?$407.09 for the next 48 months and this beauty can be? yours!" The sticker price of the car is $17,000. 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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Category:- Financial Management
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