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Suppose the interest rate is APR with monthly compounding. What is the present value of an annuity that pays every months for years? Suppose Capital

Suppose the interest rate is APR with monthly compounding. What is the present value of an annuity that pays every months for years?

Suppose Capital One is advertising a 60-month, 5.16% APR motorcycle loan. If you need to borrow $7,800 to purchase your dream Harley-Davidson, what will be your monthly payment?

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