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You want to buy a new sports coupe for $87,500, and the finance office at the dealership has quoted you an APR of 6.9 percent

You want to buy a new sports coupe for $87,500, and the finance office at the dealership has quoted you an APR of 6.9 percent for a 48 month loan to buy the car.

What will your monthly payments be?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Monthly payment

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