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A student wants to buy a car. The car's sticker price is $24,000. The student cannot afford the dealer's terms - 12% interest for 60 months, because the student only has a $500 monthly disposable income. What is the highest rate the student can accept since he cannot afford the 12% interest rate?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9477607

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