Question
John is looking for a new car. He has a down payment of $1,750.00$1,750.00 and wants to pay $400.00$400.00 per month for 44 years. The
John is looking for a new car. He has a down payment of $1,750.00$1,750.00 and wants to pay $400.00$400.00 per month for 44 years. The best deal he found for an amortized loan is his local bank, at a rate of 2.552.55%%. What is the highest price car he should consider buying?
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Multinational Financial Management
Authors: Alan C. Shapiro
7th Edition
0471395307, 9780471395300
