DETAILS BRECMBC9 13.11.052. MY NOTES ASK YOUR TEACHER At a recent boat show, Nautica Bank was offering add-on interest installment boat loans for up to 5 years with an APR of 12.5%. On new boats, a 20% down payment was required. Scott Vaughn wanted to finance a $85,000 boat for 5 years. (a) What would be the finance charge on the loan (in s) (b) What would be the monthly payment (in 5)? (Round your answer to the nearest cent.) Need Help? Read