FIN/370- You want to buy a new sports coupe for $79,500

FIN/370- You want to buy a new sports coupe for $79,500

Question # 00476633 Posted By: katetutor Updated on: 02/03/2017 11:14 PM Due on: 02/04/2017
Subject Finance Topic Finance Tutorials:
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You want to buy a new sports coupe for $79,500, and the finance office at the dealership has quoted you an APR of 5.8 percent for a 60-month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?
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    Tutorial # 00472822 Posted By: katetutor Posted on: 02/03/2017 11:15 PM
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