You want yo buy a new sports coupe for 84600 and the


You want yo buy a new sports coupe for $84,600 and the finanace offer at the dealership has quoted you 7.1 percent APR loan for 48 months to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?

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Finance Basics: You want yo buy a new sports coupe for 84600 and the
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