You want to buy a new sports coupe for 41750 and the


You want to buy a new sports coupe for $41,750, and the finance office at the dealership has quoted you a 9.2 percent APR loan for 48 months to buy the car. Your monthly payment will be and the effective annual rate on this loan is percent.

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Financial Econometrics: You want to buy a new sports coupe for 41750 and the
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