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Business, 21.06.2021 16:30 jerrygentry41471
You want to borrow $85,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,450, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 72-month APR loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
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You want to borrow $85,000 from your local bank to buy a new sailboat. You can afford to make monthl...
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