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A $54,000 loan is taken out on a boat with the terms 9% APR for...

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A $54,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly payments on this loan? A. $1,888.90 O B. $1,717.19 C. $2,060.62 OD. $2,232.34 i X Instructor Tip You may assume that the compounding frequency of the provided APR is monthly

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