A sailboat costs 18053 you pay 25 down and amortize the


A sailboat costs $18,053. You pay 25% down and amortize the rest with equal monthly payments over a 10 year period. If you must pay 6.9% compounded monthly, what is your monthly payment? How much interest will you pay?

Monthly payments $______ Round to two decimal places.

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Mathematics: A sailboat costs 18053 you pay 25 down and amortize the
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