Question
You want to buy another vehicle and know you can afford $330 a month for 6 years. The interest rate is 7.75 percent, compounded monthly.
You want to buy another vehicle and know you can afford $330 a month for 6 years. The interest rate is 7.75 percent, compounded monthly. How much money can you afford to borrow?
$12,600.00
$18,953.07
$13,582.63
$16,429.37
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
