Question: You want to borrow $ 9 2 , 0 0 0 from US Bank to buy a new Honda Civic. You can afford to make

You want to borrow $92,000 from US Bank to buy a new Honda Civic. You can
afford to make monthly payments of $1,800. Assuming monthly compounding, what
is the highest rate you can afford on a 60-month APR loan?

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