Question
You want to buy a new sports coupe for $89,500, and the finance office at the dealership has quoted you an APR of 7.1 percent
You want to buy a new sports coupe for $89,500, and the finance office at the dealership has quoted you an APR of 7.1 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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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
