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A sailboat costs $24,286. You pay 10% down and amortize the rest with equal monthly payments over a 11-year period. If you must pay
A sailboat costs $24,286. You pay 10% down and amortize the rest with equal monthly payments over a 11-year period. If you must pay 7.2% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ (Round to two decimal places.)
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
