Calculating Annuity Present Values You want to borrow $65,000 from your local bank to buy a new
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Calculating Annuity Present Values You want to borrow $65,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,320, but no more. Assuming monthly compounding, what is the highest APR you can afford on a 60-month loan?
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Related Book For 
Corporate Finance With Connect Access Card
ISBN: 978-1259672484
10th Edition
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
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