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A sailboat costs $29,530. You pay 15% down and amortize the rest with equal monthly payments over a 13 year period. If you must pay
A sailboat costs $29,530. You pay 15% down and amortize the rest with equal monthly payments over a 13 year period. If you must pay 6.6% compounded monthly, what is your monthly payment? How much interest will you pay?.
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