Suppose you want to buy a new sports coupe for $83,500, and the finance office at the

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Suppose you want to buy a new sports coupe for $83,500, and the finance office at the dealership has quoted you a 6.5 percent APR loan for 60 months to buy the car.

What will your monthly payment be? What is effective annual rate on this loan?

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Jul 06, 2018 09:28 AM

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Suppose you want to buy a new sports coupe for $83,500, and the finance office at the

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Fundamentals of corporate finance

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