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David would like to buy a new boat. The boat costs $75,000. David can put 20% down and would like to finance the rest with

David would like to buy a new boat. The boat costs $75,000. David can put 20% down and would like to finance the rest with a 10 year loan. The bank is offering a rate of 3.99% APR on that term. What would his monthly payments be at this rate?

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