Question
Jill wants to buy a car but needs to calculate how much she can afford to borrow. The maximum she can repay is $2600 at
Jill wants to buy a car but needs to calculate how much she can afford to borrow. The maximum she can repay is $2600 at the end of each quarter and the bank has indicated it will charge a fixed 7.7% p.a compounding quarterly. If she takes a loan for 5 years how much can she afford to borrow?
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Investing In Financial Research A Decision Making System For Better Results
Authors: Cheryl Strauss Einhorn, Tony Blair
1st Edition
1501732757, 9781501732751
