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A sailboat costs $25,726. You pay 25% down and amortize the rest with equal monthly payments over a 9-year period. If you must pay 6.9%

image text in transcribed A sailboat costs $25,726. You pay 25% down and amortize the rest with equal monthly payments over a 9-year period. If you must pay 6.9% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ (Round to two decimal places.)

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