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You want to buy a new sports coupe for 84 500 and the finance office at the dealership has quoted you an APR of 5

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You want to buy a new sports coupe for 84 500 and the finance office at the dealership has quoted you an APR of 5 2 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

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