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Please use financial calculator 17. You have saved $5,000 to buy a jet ski and can budget $1500 every three months to repay a loan.
Please use financial calculator
17. You have saved $5,000 to buy a jet ski and can budget $1500 every three months to repay a loan. If you use your $5,000 savings for a down payment and get a 5 year loan at 6% APR (compounded quarterly) with $1500 payments every three months, how much can you pay for the jet ski? A) $20,015 B) $25,753 C) $30,753 D) $41,420Step by Step Solution
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