What will be your monthly payment if the loan is for 4 year

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Reference no: EM131914905

1. Today, you are borrowing $7,800 to purchase a car. What will be your monthly payment if the loan is for four years at 6.45 percent interest?

2. What condition must exist if a bond's coupon rate is equal to the bond's yield to maturity? Assume the market rate of interest for this bond is positive.

Reference no: EM131914905

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