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Suppose you wish to purchase a boat costing $150,000 including all fees and taxes. If you can afford payments of $600 a month on a

Suppose you wish to purchase a boat costing $150,000 including all fees and taxes. If you can afford payments of $600 a month on a 20 year loan with an annual rate of 6.5%, what percentage of the cost will you need to cover with the down payment?

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