A sailboat costs $18,693. You pay 15% down and amortize the rest with equal monthly...
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Accounting
A sailboat costs $18,693. You pay 15% down and amortize the rest with equal monthly payments over a 15-year period. If you must pay 8.4% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ (Round to two decimal places.) Interest: $ (Round to two decimal places.)
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