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QUESTION 4.1 Installment Loans Ken wants to purchase a boat. The purchase price of the boat is $15, 000. The dealership will allow him to

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QUESTION 4.1 Installment Loans Ken wants to purchase a boat. The purchase price of the boat is $15, 000. The dealership will allow him to pay cash or finance the boat for a down payment of $3, 000 and 48 monthly payments of $300. Ken chose to finance the boat. Answer the following questions

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