Calculating annuities due you want to buy a new sports car


Question: Calculating Annuities Due. You want to buy a new sports car from Muscle Motors for $58,600. The contract is in the form of a 60-month annuity due at an APR of 5.2 percent. What will your monthly payment be?

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Finance Basics: Calculating annuities due you want to buy a new sports car
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