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You want to buy a new sports car from Muscle Motors for $44,700. The contract is in the form of a 72-month annuity due at an APR of 6.45 percent.

What will your monthly payment be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Monthly payment ________ $

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Financial Management, Finance

Category:- Financial Management
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