The finance office at the dealership has quoted you a 63, Financial Management

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The finance office at the dealership has quoted you a 63

You want to buy a new sports coupe for $81, 500, and the finance office at the dealership has quoted you a 6.3 percent APR loan for 60 months to buy the car.

What will your monthly payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Monthly payment $

What is the effective annual rate on this loan? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Effective annual rate %

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Financial Management: The finance office at the dealership has quoted you a 63

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Financial Management: The finance office at the dealership has quoted you a 63

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