Question
You want to buy a new sports car from Muscle Motors for $44,300. The contract is in the form of a 72-month annuity due at
You want to buy a new sports car from Muscle Motors for $44,300. The contract is in the form of a 72-month annuity due at a 6.05 percent APR. |
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What will your monthly payment be? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
