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LO 2 40. Calculating Annuity Present Values You want to borrow $75,000 from your local bank to buy a new sailboat. You can afford
LO 2 40. Calculating Annuity Present Values You want to borrow $75,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,475, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan?
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Forensic Accounting and Fraud Examination
Authors: Mary Jo Kranacher, Richard Riley, Joseph T. Wells
1st edition
047043774X, 978-0470437742
