You want to buy a new sports coupe for $78,500, and the finance office at the dealership
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You want to buy a new sports coupe for $78,500, and the finance office at the dealership has quoted you a loan with an APR of 4.9 percent 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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The time line is We first need to find the annuity payment We have the PVA ...View the full answer
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Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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