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Phil can afford $160 a month for 5 years for a car loan. If the interest rate is 5 percent compounded monthly, how much can
Phil can afford $160 a month for 5 years for a car loan. If the interest rate is 5 percent compounded monthly, how much can he afford to borrow to purchase a car?
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
