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A) What is your monthly payment? B) How much interest will you pay? A sailboat costs $25,528. You pay 25% down and amortize the rest

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A) What is your monthly payment?
B) How much interest will you pay?
A sailboat costs $25,528. You pay 25% down and amortize the rest with equal monthly payments over a 8-year period. If you must pay 7.5% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ (Round to two decimal places.)

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