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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 (monthly payments) annuity-due at 5.6

You want to buy a new sports car for $55,000. The contract is in the form of a 60- month (monthly payments) annuity-due at 5.6 percent per year. What will be your monthly payment. $1,048.21 $1,047.90 $1,072.11 $1,053.87

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