You want to buy a new sports coupe for $69,500, and the finance office at the dealership
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You want to buy a new sports coupe for $69,500, and the finance office at the dealership has quoted you an 8.6 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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We first need to find the annuity payment We have the PVA the length ...View the full answer
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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