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A boat is purchased with a down payment of $3,500 and end-of-month payments of $850 for three years. The interest rate charged was 8.9% compounded

A boat is purchased with a down payment of $3,500 and end-of-month payments of $850 for three years. The interest rate charged was 8.9% compounded monthly. What was the purchase price of the boat? AJ 0

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