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Looking for the formula and breakdown for the following question ? Calculating Loan Payments- You want to buy a new sports coupe for $79,500 and

Looking for the formula and breakdown for the following question ?

Calculating Loan Payments- You want to buy 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 ?

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