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 Moulton Motors is advertising the following deal on a new Honda​ Civic: "Monthly payments of ​$516.67...

 Moulton Motors is advertising the following deal on a new Honda​ Civic: "Monthly payments of

​$516.67

for the next

48

months and this beauty can be​ yours!" The sticker price of the car is $22,000.

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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