What will your monthly payments be

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Reference no: EM13263078

You want to buy a new sports coupe for $75,000, and the finance office at the dealership has quoted you a loan with an APR of 7.4 percent for 60 months to buy the car. Requirement 1: What will your monthly payments be? Requirement 2: What is the effective annual rate on this loan?

Reference no: EM13263078

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What will your monthly payments be : You want to buy a new sports coupe for $75,000, and the finance office at the dealership has quoted you a loan with an APR of 7.4 percent for 60 months to buy the car.

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