Business
Business, 10.11.2020 16:40, igotit1234

You want to borrow $105,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $2,450, 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 $105,000 from your local bank to buy a new sailboat. You can afford to make month...

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