Assuming monthly compounding what is the highest rate you
You want to borrow $80,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,650, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan?
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you are saving to buy a 235000 house there are two competing banks in your area both offering certificates of deposit
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you want to borrow 80000 from your local bank to buy a new sailboat you can afford to make monthly payments of 1650 but
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suppose you are going to receive 13500 per year for five years the appropriate interest rate is 75 percenta what is the
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