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You want to buy a new sports car from Muscle Motors for $46,000. The loan contract is in the form of a 72-month annuity due
You want to buy a new sports car from Muscle Motors for $46,000. The loan contract is in the form of a 72-month annuity "due" at a 9.00 percent APR, under monthly compounding. |
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What will your monthly payment be? |
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