Question
You want to borrow $88,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,600, but no
You want to borrow $88,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,600, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 72-month APR loan?
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Stock Market Investing For Beginners
Authors: George Graham
1st Edition
1914346432, 978-1914346439
