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A sailboat costs $ 19,079. You pay 15 % down and amortize the rest with equal monthly payments over a 13-year period. If you must
A sailboat costs $ 19,079. You pay 15 % down and amortize the rest with equal monthly payments over a 13-year period. If you must pay 8.1 % compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ nothing (Round to two decimal places.)
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