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help gus You want to borrow $ 36,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of

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help gus

You want to borrow $ 36,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $750, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan? a. 9.15% b. 8.94% C. 9.00% d. 9.72% e. 8.58% Next page

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