Personal Finance Tax Update
Personal Finance Tax Update
13th Edition
ISBN: 9780357438947
Author: E. Thomas Garman; Raymond Forgue
Publisher: Cengage Learning US
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Chapter 6, Problem 3FPC

Julia Price Thinks About a Loan to Buy an Inboard Ski/Wakeboard Boat Julia has been thinking about the purchase of a boat. As a teenager, she was an avid water skier at her parents’ summer home. Now that she has moved away, she wants to renew her hobby at a lake nearby. Julia recently received a raise of $200 per month and plans to visit a dealership near the lake to see what kind of boat she can buy with that level of payment. Offer your opinions about her thinking.

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