You want to borrow $3,600 for 36 months and can afford monthly payments of $110, but no more.Assuming monthly compounding, what is the highest APR rate you can afford?
A) 5.45 percent
B) 5.84 percent
C) 6.29 percent
D) 5.78 percent
E) 6.68 percent
Correct Answer:
Verified
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