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You want to borrow $90,000 from your local bank to buy a new sailboat. You...

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Accounting

You want to borrow $90,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,700, but no more. Assuming monthly compounding, what is the highest APR you can afford on a 60-month loan? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Interest rate %

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