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You want to buy a new sports coupe for $74, 800, and the finance office at the dealership has quoted you a loan with an

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You want to buy a new sports coupe for $74, 800, and the finance office at the dealership has quoted you a loan with an APR of 7.2 percent for 48 months to buy the car. What will your monthly payments be? Monthly payment $ What is the effective annual rate on this loan? Effective annual rate%

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