Matthew wants to take out a loan to buy a car. He calculates that he can make

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Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $

55, 000

per year. If he can get a six

-

year loan with an interest rate of

8.5 %,

what is the maximum price he can pay for the car?

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Mar 16, 2024 04:11 AM

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Matthew wants to take out a loan to buy a car. He calculates that he can make

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Personal Finance

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