Business
Business, 07.04.2020 03:25, dest8860

A student has a job that leaves her with $500 per month in disposable income. She decides that she will use the money to buy a car. Before looking for a car, she arranges a 100% loan whose terms are $500 per month for 36 months at 15% annual interest.
Required:
1. What is the maximum car purchase price that she can afford with her loan?

answer
Answers: 3

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A student has a job that leaves her with $500 per month in disposable income. She decides that she w...

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