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40. Calculating Annuity Present Values. You want to borrow $85,000 from your local bank to buy a new sailboat. You can afford to make monthly

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40. Calculating Annuity Present Values. You want to borrow $85,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,800, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60 -month APR loan

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