Question
You want to buy a new sports coupe for $84,600, and the finance office at the dealership has quoted you a 7.1% APR loan for
You want to buy a new sports coupe for $84,600, and the finance office at the dealership has quoted you a 7.1% APR loan for 48 months to buy the car.
1. What will your monthly payments be?
2. What is the effective annual rate on this loan?
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Advances In Entrepreneurial Finance
Authors: Rassoul Yazdipour
2011th Edition
148998190X, 978-1489981905
