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Wilfredo bought a new boat for $14,200. He paid $1.500 for the down payment and financed the rest for 4-years at an annual interest rate

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Wilfredo bought a new boat for $14,200. He paid $1.500 for the down payment and financed the rest for 4-years at an annual interest rate of 10%. Use the table to find the monthly payment for the amortized loan. Find the total interest paid on the loan Click the icon to view a table of monthly payments on a $1,000 loan. The monthly payments for this loan are $0 (Round to the nearest cent as needed.) The total interest he paid on this loan is $ (Round to the nearest cent as needed.)

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