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John also owns a sailboat, which is worth about $17,500. He bought his boat for $26,000 about 2 years ago to have more to do

image text in transcribed John also owns a sailboat, which is worth about $17,500. He bought his boat for $26,000 about 2 years ago to have more to do when the kids visit and financed it with no down payment for five years at 6.99%. He still owes $ _ Jon the boat after 26 payments, and his payments are $__month. The additional costs for the boat (winter storage, maintenance, etc.) are about $3,950

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