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You want to buy a new sports car from Muscle Motors for $42,000. The contract is in the form of an annuity due for 48

You want to buy a new sports car from Muscle Motors for $42,000. The contract is in the form of an annuity due for 48 months at an APR of 7.00 percent. What will your monthly payment be?

999.91

979.91

949.91

1 005.74

1 019.91

Please provide explanation. Thank you.

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