You can afford to make monthly payments of 750 but no more
You want to borrow $36,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $750, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan?
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rippards has a debt ratio of 15 a total asset turnover ratio of 30 and a return on equity roe of 48 compute rippards
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