Question
assume you just bought a new boat and now have a boat loan to repay. The amount of the principal is $68,000, the loan is
assume you just bought a new boat and now have a boat loan to repay. The amount of the principal is $68,000, the loan is at 6.75% APR, and the monthly payments are spread out over 7 years. What is the loan payment?
1206.58
809.52
1081.01
1225.36
Show calculations
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
