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Please answer question step by step You want to buy a new sports coupe for $74,500, and the finance office at the dealership has quoted
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You want to buy a new sports coupe for $74,500, and the finance office at the dealership has quoted you an APR of 5.6 percent for a 48 month loan to buy the car. What will be your monthly payment? What is the effective annual rate of this loan? $1450;5.65%$1736;5.75%$1330;5.35%$1945;5.6%Step by Step Solution
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