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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Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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Question Posted: Apr 24, 2012 07:12 AM

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You want to buy a new sports coupe for $69,500, and the finance office at the dealership

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We first need to find the annuity payment We have the PVA the length ...View the full answer

Essentials Of Corporate Finance

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