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A sailboat costs $31,409. You pay 25% down and amortize the rest with equal monthly payments over a 15 -year period. If you muslpay 7.2%

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A sailboat costs $31,409. You pay 25% down and amortize the rest with equal monthly payments over a 15 -year period. If you muslpay 7.2% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: \$ (Round to two decimal places.)

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