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A sailboat costs $30,985. You pay 15% down and amortize the rest with equal monthly payments over a 10-year period. If y
Posted: Sun Oct 03, 2021 12:59 pm
by answerhappygod
- A Sailboat Costs 30 985 You Pay 15 Down And Amortize The Rest With Equal Monthly Payments Over A 10 Year Period If Y 1 (17.96 KiB) Viewed 108 times
A sailboat costs $30,985. You pay 15% down and amortize the rest with equal monthly payments over a 10-year period. If you must pay 7.5% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $(Round to two decimal places.) Interest: $(Round to two decimal places.)