Question: Utilizing the lecture slides, what is the maximum monthly payment Boom should be willing to pay? Boom travels frequently for UGA games earning $ 3

Utilizing the lecture slides, what is the maximum monthly payment Boom should be willing to pay? Boom travels frequently for UGA games earning $34,200 each year. He is researching to purchase a new automobile and has accumulated a down payment of $2,600. Athens Bank is willing finance his chosen choice at 7% for 60 months. Boom is in the 10% tax bracket.

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