You want to borrow Rs 65,000 to buy a sailboat but you can pay an EMI of
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Question:
- You want to borrow Rs 65,000 to buy a sailboat but you can pay an EMI of Rs 1320 only. Assuming monthly compounding what is the highest APR for a 60-month loan?
Related Book For
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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