ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Chapter 7, Problem 44P
To determine

Rate of interest for the loan you will pay after refinancing.

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You can afford a $350 per month car payment. You've found a 3 year loan at 6% interest. How big of a loan can you afford?
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ENGR.ECONOMIC ANALYSIS

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