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You want to buy a new sports car for $ 7 8 , 5 0 0 and the finance office at the dealership has quoted

You want to buy a new sports car for $78,500 and the finance office at the dealership has quoted you a loan with an APR of 5.9% for 60 months to buy the car. What will your monthly payments be? Round to the nearest cent. (Remember with a loan, the FV =0 and the 5.9% is the ANNUAL rate).
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$1,321.11
$1,513.98
$1,141,67
$2,188.34

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