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You are buying a ( $ 2 0 , 0 0 0 ) boat with a down - payment of ( $ 4 , 0

  You are buying a (20,000) boat with a down-payment of (4,000) and you finance the remaining amount with a 3 year loan at (7.8%) compounded weekly. 
(A) What are your weekly payments?
 (B) What is the remaining balance after 2 years? 
(C) How much are you saving by paying the remaining balance after 2 years? 
 



  

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