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Business, 25.02.2020 20:22 pineapplepizaaaaa

"You want to borrow $104,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $2,400, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 54-month APR loan?

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"You want to borrow $104,000 from your local bank to buy a new sailboat. You can afford to make mont...
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