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You want to buy a new sports coupe for $79,500, and the finance office at the dealership has quoted you an APR of 5.8 percent

You want to buy a new sports coupe for $79,500, and the finance office at the dealership has quoted you an APR of 5.8 percent for a 60-month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan? Cost of Car Discount rate # of years # of times compounded per year $ Effective interest rate 79,500 5.8% 5 12 Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. Payment
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You want to buy a new sports coupe for $79,500, and the finance office at the dealership has quoted you an APR of 5.8 percent for a 60 -month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan? Complete the following analysis. Do not hard code values in your calculations. All answers should be positive

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