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You want to buy a new sports coupe for $ 8 4 , 5 0 0 , and the finance office at the dealership has

You want to buy a new sports coupe for $84,500, and the finance office at the
dealership has quoted you an APR of 4.7 percent for a 60-month loan to buy the
car. What will your monthly payments be? What is the effective annual rate on
2 this loan?
3
4 Input area:
5
6
(Use cells A6 to B9 from the given information to complete this question. Your payment should be a positive value.)
13 Output area:
14
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