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8. Calculating Loan Payments [LO2, 41 You want to buy a new sports coupe for $83,500, and the finance office at the dealership has quoted

8. Calculating Loan Payments [LO2, 41 You want to buy a new sports coupe for $83,500, and the finance office at the dealership has quoted you a 6.5 percent APR loan 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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