Question
A sailboat costs $27,449. You pay 20% down and amortize the rest with equal monthly payments over a 8-year period. If you must pay 7.2%
A sailboat costs $27,449. You pay 20% down and amortize the rest with equal monthly payments over a 8-year period. If you must pay 7.2% compounded monthly, what is your monthly payment? How much interest will you pay?
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
