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8. You want to buy a new sports coupe for $42,000, and the finance office at the dealership has quoted you a 8.4 percent APR
8. You want to buy a new sports coupe for $42,000, and the finance office at the dealership has quoted you a 8.4 percent APR loan for 48 months to buy the car. Your monthly payment will be $......................... and the effective annual rate on this loan is ..................... percent. (Do not include the dollar sign ($) or the percent sign (%). Round your answers to 2 decimal places. (e.g., 32.16)),,
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