Effective annual rate on loan

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Reference no: EM13878005

You want to buy a new sports coupe for $75,600, and the finance office at the dealership has quoted you a loan with an APR of 8 percent for 48 months to buy the car.

1. Monthly payments

2. Effective annual rate on this loan

Reference no: EM13878005

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Effective annual rate on loan : You want to buy a new sports coupe for $75,600, and the finance office at the dealership has quoted you a loan with an APR of 8 percent for 48 months to buy the car. Monthly payments. Effective annual rate on this loan.

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