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Robert decides to purchase a new boat for $25,000, including taxes. He makes a $5000 down payment, and finances the balance. His monthly payment is
Robert decides to purchase a new boat for $25,000, including taxes. He makes a $5000 down payment, and finances the balance. His monthly payment is $410.33 for 60 months. Determine the finance charge. 25,000-5000=20,000 Determine the APR
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