You want to buy a new sports coupe for 52250 and the, Financial Management

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You want to buy a new sports coupe for 52250 and the

You want to buy a new sports coupe for $52,250, and the finance office at the dealership has quoted you a 8.0 percent APR loan for 60 months to buy the car. Your monthly payment will be $ ___ and the effective annual rate on this loan is ___ percent.

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