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Question 14 7.5 pts You wish to buy a speed boat that costs $45,000. You will put down 10% down payment and finance the remaining
Question 14 7.5 pts You wish to buy a speed boat that costs $45,000. You will put down 10% down payment and finance the remaining cost of the boat with a 6-year fully amortized loan at an annual rate of 12%. If you want to make equal quarterly payments with the first payment three months from now, how much will your quarterly payment be? $1,176.42 $1,307.13 $2,391.42 $2,657.13
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