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Business, 09.10.2019 21:20 jadarriyon16

You want to borrow $93,000 from your local bank to buy a new sailboat. you can afford to make monthly payments of $1,850, but no more. assuming monthly compounding, what is the highest apr you can afford on a 60-month loan? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) interest rate %

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