You want to buy a new sports coupe for $84,500, and the finance office at the dealership
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You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you a loan with an APR of 4.7 percent for 60 months to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?
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The time line is We first need to find the annuity payment We have the PVA th...View the full answer
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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