A student has a job that leaves her with $500 permonth in
Chapter , Problem 5-23(choose chapter or problem)
A student has a job that leaves her with $500 permonth in disposable income. She decides that shewill use the money to buy a car. Before looking for a car, she arranges a 100% loan whose termsare $500 per month for 36 months at 18% annualinterest. What is the maximum car purchase pricethat she can afford with her loan?
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