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Posted on Jul 31, 2024

You want to buy a new sports coupe for $ 7 5 , 2 0 0 , and the finance office at the dealership has

You want to buy a new sports coupe for $

75, 200,

and the finance office at the dealership has quoted you a loan with an APR of

7.6

percent for

48

months to buy the car.What will your monthly payments be

?

What is the effective annual rate on this loan?

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