Question
You want to borrow $90,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,700, but no
You want to borrow $90,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,700, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan?
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
