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Calculating Loan Payments You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR

Calculating Loan Payments You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of 5.2 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

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