You want to buy a new sports coupe for 75600 and the


You want to buy a new sports coupe for $75,600, and the finance office at the dealership has quoted you a loan with an APR of 8 percent for 48 months to buy the car.

1. Monthly payments

2. Effective annual rate on this loan

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Financial Management: You want to buy a new sports coupe for 75600 and the
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