Question
You would like to borrow $52,000 from your credit union to purchase a new vehicle. You can afford to make monthly payments of $975, but
You would like to borrow $52,000 from your credit union to purchase a new vehicle. You can afford to make monthly payments of $975, but no more. Assuming monthly compounding, what is the highest rate (annual) you can afford on a 5-year loan? How much total interest (in dollars) will you pay over the life of the loan?
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Risk Management For Forex Trading Beginners Tips For Managing Risk In Forex Trading For Beginners
Authors: J.r. Bosanko
1st Edition
1542317657, 978-1542317658
