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You want to buy a new sports car from Muscle Motors for $56,000. The contract is in the form of a 48-month annuity due at

You want to buy a new sports car from Muscle Motors for $56,000. The contract is in the form of a 48-month annuity due at a 8.25 percent APR. Required: What will your monthly payment be?

$1,391.61

$1,373.70

$1,364.33

$1,337.04

$1,296.11

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