Solved: If you can negotiate a nominal annual interest rate of 675, Business Management

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If you can negotiate a nominal annual interest rate of 675

You are considering buying a new car. The sticker price is $85,000 and you have $15000 to put towards a down payment. If you can negotiate a nominal annual interest rate of 6.75% and you wish to pay for the cash over a 5 year period, whtlat are the monthly car payments?

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