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1.-You want to borrow 100,000 from your local bank to buy a new Porsche. You can afford to make monthlypayments of 1,800, but no more.

1.-You want to borrow 100,000 from your local bank to buy a new Porsche. You can afford to make monthlypayments of 1,800, but no more. Assuming monthly compounding, what is the highest APR you can afford on a 60-month loan?

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