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You have found a yacht that you have negotiated a sales price of $45,000. The bank will loan you the full $45,000 today for 6

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You have found a yacht that you have negotiated a sales price of $45,000. The bank will loan you the full $45,000 today for 6 years at an annual rate of 9%. Calculate your MONTHLY PAYMENT? Reference the below formulas to answer your question: PV=FV/(1+r)tPVA=PMT(1((1+r)t)/r)FVA=PMT(((1+r)t)1)/r)FV=PV(1+r)tPVA=PMT(1(1+(r/12))t(12))/(r/12)FVA=PMT(((1+(r/12))t(12))1)/(r/12)

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