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Calculating Loan Payment s You want to buy a new sports coupe for $61,800, and the fi nance offi ce at the dealership has quoted
Calculating Loan Payments You want to buy a new sports coupe for $61,800, and the fi nance offi ce at the dealership has quoted you a 7.4 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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