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You want to borrow $80,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1. 650 ,

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You want to borrow $80,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of \$1. 650 , but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan? 2.7264 H.oou 1274 0.727s

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