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must be solved by Baii finance calculator 1/19 Question 9 You want to buy a new sports car from Muscle Motors for $37,000. The contract
must be solved by Baii finance calculator 1/19 Question 9 You want to buy a new sports car from Muscle Motors for $37,000. The contract is in the form of a 60-month annuity due at a 6.50 percent APR. What will your monthly payment be? $684.04 $723.95 $705.65 $734.45 O $720.05 We need to use the PVA due equation, that is: PVAdue- (1+ r) PVA Using this equation: PVAdue $37,000 - (1+ (0650/12) x C[1-[1/(1+ (0650/12)0)VL0650/12) $36,800.66 - SC(1-[1/(1+(0650/12)60)VL0650/12) C- $720.05 MacBook PrO
must be solved by Baii finance calculator
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