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You want to buy a new sports coupe for $74,900, and the finance office at the dealership has quoted you a 7.3 percent APR loan

You want to buy a new sports coupe for $74,900, and the finance office at the dealership has quoted you a 7.3 percent APR loan for 36 months to buy the car.. What will your monthly payments be? What is the effective annual rate on this loan?

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