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A sailboat costs $ 29,572. You pay 15 % down and amortize the rest with equal monthly payments over a 15-year period. If you must

A sailboat costs $ 29,572. You pay 15 % down and amortize the rest with equal monthly payments over a 15-year period. If you must pay 6.9 % compounded monthly, what is your monthly payment? How much interest will you pay?

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