Question: Problem 5.3: Answer the following questions and submit your excel file for the calculation in Connect. Please use excel file to calculate the following questions.
Problem 5.3: Answer the following questions and submit your excel file for the calculation in Connect. Please use excel file to calculate the following questions. Layout your initial input separately and clearly and do all the calculation inside of excel file. (Excel part: 5 points) You want to buy a new sports coupe for $75,400, and the finance office at the dealership has quoted you a loan with an APR of 7.8 percent for 60 months to buy the car. a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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