You want to buy a new sports coupe for 75400 and the


You want to buy a new sports coupe for $75,400, and the finance office at the dealership has quoted you a loan with an APR of 7.8 percent for 60 months to buy the car.

What will your monthly payments be?
What is the effective annual rate on this loan?
explain it in detalis please

 

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: You want to buy a new sports coupe for 75400 and the
Reference No:- TGS0599290

Expected delivery within 24 Hours