$12$

Problem $6-54$ Calculating Annuities Due $[$LO$1]$

$8\mathrm{.}37$

points

You want to buy a new sports car from Muscle Motors for $$71,000.$ The contract is in the form of a $72-$month annuity due at an APR of $6\mathrm{.}9$ percent. What will your monthly payment be$?$

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.

$\backslash$table$[[$Monthly payment,$