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A sailboat costs $24,278.00 You pay 15% down and amortize the rest with equal monthly payments over a 9-year period. If you must pay 8.4%

A sailboat costs $24,278.00 You pay 15% 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? (Do not round until the final answer. Then, round to the nearest cent.)

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