You want to buy a new sports car for $55,000.The contract is in the form of a 60-month annuity due at a 6 percent APR,compounded monthly.What will your monthly payment be?
A) $1,047.90
B) $1,053.87
C) $1,058.01
D) $1,063.30
E) $1,072.11
Correct Answer:
Verified
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