Business, 04.07.2019 05:10 Elsalvador7310

You want to borrow $97,000 from your local bank to buy a new sailboat. you can afford to make monthly payments of $2,050, 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 want to borrow $97,000 from your local bank to buy a new sailboat. you can afford to make monthl...