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You want to borrow $ 9 5 , 0 0 0 from your local bank to buy a new sailboat. You can afford to make
You want to borrow $ from your local bank to buy a new sailboat. You can afford to make monthly payments of $ but no more. Assuming monthly compounding, what is the highest rate you can afford on a month APR loan?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
