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You want to buy a new sports car for $55,000. The contract is in the form of a 60-month annuity due at an APR of

You want to buy a new sports car for $55,000. The contract is in the form of a 60-month annuity due at an APR of 6 percent, compounded monthly. What will be your monthly payment? O $1.04790 O $1,053.87 $1,058.01 $1,063.30 O $1.072.11

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