Determine the total finance charge and monthly payment for, Financial Management

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Determine the total finance charge and monthly payment for

Use an annual percentage rate table to solve the problem.

A family purchased a new ski boat for $14,000. The loan agency required a 5% down payment and financed the balance for 36 months with an APR of 60% Determine the total finance charge and monthly payment for the loan.

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Financial Management: Determine the total finance charge and monthly payment for

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Financial Management: Determine the total finance charge and monthly payment for

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