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28 Sep 2019
You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you a 6.6 percent APR loan for 48 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 %
You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you a 6.6 percent APR loan for 48 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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Deanna HettingerLv2
28 Sep 2019
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