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A sailboat costs $22,008. You pay 20% down and amortize the rest with equal monthly payments over a 14-year period. If you must pay 8.1%

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A sailboat costs $22,008. You pay 20% down and amortize the rest with equal monthly payments over a 14-year period. If you must pay 8.1% compounded monthly, what is your monthly payment? How much interest will you pay? (Round to two Monthly payments: $ decimal places.) Interest: $ (Round to two decimal places.)

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