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Posted on Jul 25, 2024

You want to buy a new spots coupe for $ 7 5 , 3 0 0 , and the finance office at the dealership has

You want to buy a new spots coupe for $

75, 300,

and the finance office at the dealership has quoted you loan with an APR of

7.7

percent for

36

months to buy the car. A: What will your monthly payments be

?

B: What is the effective annual rate on this loan?

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