You really want to buy a used car for $11,000, but can only afford $200 a month.

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You really want to buy a used car for $11,000, but can only afford $200 a month. What interest rate would you need to find to be able to afford the car.

Assuming the loan is for 60 months?

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: May 12, 2023 06:08 AM

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You really want to buy a used car for $11,000, but can only afford $200 a month.

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Fundamentals of Financial Management

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