A sailboat costs $30,797. You pay 20% down and amortize the rest with equal monthly payments over a 9-year period. If you must pay 8.4%compounded monthly, what is your monthly payment? How much interest will you pay?
A sailboat costs $30,797. You pay 20% down and amortize the rest with equal
monthly payments over a 9-year period. If you must pay 8.4%compounded monthly, what is your monthly payment? How much interest will you pay?
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