A 43000 loan is taken out on a boat with the terms 12 apr, Financial Management

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A 43000 loan is taken out on a boat with the terms 12 apr

1. A $ 43000 loan is taken out on a boat with the terms 12% APR for 36 months. How much are the monthly payments on this loan?

A. $ 1713.86

B. $ 1428.22

C. $ 1571.04

D. $ 1856.68

2. On the Balance Sheet, ______ are the sources of funds.

Net Income

Assets

Interest

Liabilities

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Financial Management: A 43000 loan is taken out on a boat with the terms 12 apr

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Financial Management: A 43000 loan is taken out on a boat with the terms 12 apr

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