Ethan purchases a new boat by making a down payment of $2900 and financing the...
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Finance
Ethan purchases a new boat by making a down payment of $2900 and financing the rest over the next 4 years with monthly payments of $491. If the rate of interest being charged was 3.9% compounded semi-annually, what was the purchase price of the vehicle?
Round your final answer to 2 decimal places.
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