John is looking for a new car. He has a down payment of $1,750.00 and wants...
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John is looking for a new car. He has a down payment of $1,750.00 and wants to pay $300.00 per month for 5 years. The best deal he found for an amortized loan is his local bank, at a rate of 2.75%. What is the highest price car he should consider buying? John is looking for a new car. He has a down payment of $1,750.00 and wants to pay $300.00 per month for 5 years. The best deal he found for an amortized loan is his local bank, at a rate of 2.75%. What is the highest price car he should consider buying?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Posted Date:
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