How much money can you afford to borrow

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Reference no: EM131998388

1. You want to buy another vehicle and know you can afford $330 a month for 4 years. The intrest rate is 7.75 percent, compounded monthly. How much money can you afford to borrow?

2. Which of the following incidents of ownership, held during the three year period before death, will cause inclusion of life insurance proceeds in the gross estate?

Reference no: EM131998388

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