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tetleyelmo tetleyelmo
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7 years ago
You would like to buy a Harley Davidson and you can afford to make a down payment of $2,000 and pay monthly (end-of-month) payments of $1,320. If the term is 48 months and the loan rate is 9% (APR), then what is the maximum that you can pay for the motorcycle?
A) $55,043.91
B) $53,043.91
C) $51,043.91
D) $41,509.78
E) $42,095.71
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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