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A sailboat costs 24 574 you pay 10 down and amortize the

Question: A sailboat costs $24, 574. You pay 10% down and amortize the rest with equal monthly payments over a 9-year period. If you must pay 7.8% 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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Finance Basics: A sailboat costs 24 574 you pay 10 down and amortize the

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