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You want to borrow $ 8 5 , 0 0 0 from your local bank to buy a new sailboat. You can afford to make

You want to borrow $85,000 from your local bank to buy a new
sailboat. You can afford to make monthly payments of $1,800, but
no more. Assuming monthly compounding, what is the highest rate
you can afford on a 60-month APR loan?
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