Question
You are looking to buy a car and would like an auto-loan that is 5 years. The dealer tells you that your interest is 6.00%.
You are looking to buy a car and would like an auto-loan that is 5 years. The dealer tells you that your interest is 6.00%. Given that you think you can afford $860.00 per month, how expensive of a car can you buy?
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
