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Posted on Jul 13, 2024

you want to borrow 74000$ from your local bank to buy a new sailboat.you can afford to make monthly payments of 1500 but no more.

you want to borrow 74000$ from your local bank to buy a new sailboat.you can afford to make monthly payments of 1500 but no more. assuming monthly compounding.what is the highest rate you can afford on a 60-month APR loan?

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