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The manager of Bob's Yacht Sales has approved your application for credit. The maximum payment she approved is $80 a month for 48 months. The

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The manager of Bob's Yacht Sales has approved your application for credit. The maximum payment she approved is $80 a month for 48 months. The APR is 12.5 percent. What is the maximum price of a boat you can afford to purchase using the credit offered by the store? (Sxxxx.xx)

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