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ROUND TO TWO DECIMAL PLACES A sailboat costs $30,644. You pay 15% down and amortize the rest with equal monthly payments over a 11-year period.

image text in transcribed ROUND TO TWO DECIMAL PLACES

A sailboat costs $30,644. You pay 15% down and amortize the rest with equal monthly payments over a 11-year period. If you must pay 7.8% compounded monthly, what is your monthly payment? How much interest will you pay

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