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A sailboat costs $30,568. You pay 20% down and amortize the rest with equal monthly payments over a 10-year period. If you must pay 6.6%

A sailboat costs $30,568. You pay 20% down and amortize the rest with equal monthly payments over a 10-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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