You want to buy a new sports car from muscle motors for, Financial Management

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You want to buy a new sports car from muscle motors for

You want to buy a new sports car from Muscle Motors for $88,000. The contract is in the form of a 48-month annuity due at an APR of 7.75 percent. What will your monthly payment be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Financial Management: You want to buy a new sports car from muscle motors for

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Financial Management: You want to buy a new sports car from muscle motors for

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