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Suppose you have decided to purchase an automobile. You analyze your personal budget and decide you can afford monthly payments of $506 for five years.
Suppose you have decided to purchase an automobile. You analyze your personal budget and decide you can afford monthly payments of $506 for five years. If your loan carries an annual interest rate of 12%, what the highest priced car you can afford?
a. Excel command ____________
b. answer ____________
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Financial Accounting IFRS Principles
Authors: Ilse Lubbe, Goolam Modack, Alex Watson
4th Edition
0199049238, 9780199049233
