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answer now please You want to buy a new sports coupe for $93,500, and the finance office at the dealership has quoted you an APR
answer now please
You want to buy a new sports coupe for $93,500, and the finance office at the dealership has quoted you an APR of 7.5 percent for a 48 month loan to buy the car. a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the effective annual rate on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Monthly payment b. Effective annual rate % Step by Step Solution
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