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Question 7 Question 7, 3.4.41-BE HW Score: 2.38%, 0.5 of 21 points 10.1 Save Part 1 of 2 Points: 0 of 1 A sailboat costs

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Question 7

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Question 7, 3.4.41-BE HW Score: 2.38%, 0.5 of 21 points 10.1 Save Part 1 of 2 Points: 0 of 1 A sailboat costs $30,554. You pay 25% down and amortize the rest with equal monthly payments over a 12-year period. If you must pay 8.4% compounded monthly, what is your monthly payment? How K much interest will you pay? Monthly payments: $ (Round to two decimal places.)

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