A sailboat costs 28867 you pay 2- down payment and amortize, Ask an Expert

Finance

A sailboat costs $28,867. You pay 2-% down payment and amortize the rest with eqaul monthly payment over a 9-yr period. If you must pay 6.9% compound monthly,

What is your monthly payment? (round to two decimal places)

How much interest will you pay? (round to two decimal places)

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Financial Management, Finance

Category:- Financial Management
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