You want to buy a new sports coupe for $48,250, and the finance office at the dealership

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You want to buy a new sports coupe for $48,250, and the finance office at the dealership has quoted you a 9.8 percent APR loan for 60 months to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?

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Fundamentals Of Corporate Finance

ISBN: 9780072553079

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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