Question
You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of 6.6 percent
You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of 6.6 percent for a 48 month loan to buy the car. What will be your monthly payment? What is the effective annual rate of this loan?
| $2008; 6.8% | ||
| $1995; 6.7% | ||
| $2030; 6.6% | ||
| $1450; 6.8% |
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
