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You can afford car payments of $3,000 a year for 5 years. The bank will lend you this money today at 4 percent interest. How
You can afford car payments of $3,000 a year for 5 years. The bank will lend you this money today at 4 percent interest.
How much can you borrow?
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
