Question
a new sports coupe for $79,500, and the finance office at the dealership has quoted you an APR of 5.8 percent for a 60-month loan
a new sports coupe for $79,500, and the finance office at the dealership has quoted you an APR of 5.8 percent for a 60-month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan? Monthly payments are 1,530.00.
EAR is
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
