You want to buy a new sports coupe for $73,400, and the finance office at the dealership

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You want to buy a new sports coupe for $73,400, and the finance office at the dealership has quoted you a loan with an APR of 5.1 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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Essentials of Corporate Finance

ISBN: 978-1259277214

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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