Louiselle purchased a motor home for $9000 down, with the balance to be paid by...
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Accounting
| Louiselle purchased a motor home for $9000 down, with the balance to be paid by 60 monthly payments of $1176.40 including interest at 6% compounded monthly. |
| If the principal balance may be prepaid at any time, what is the payout amount two years after the purchase date (not including the scheduled payment on that date)? ( |
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