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Question: a sailboat costs 31842 you pay 5 down and amortize...

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A sailboat costs $31,842. You pay 5% down and amortize the rest with equal monthly payments over a 14-year period. If you must pay 8.4% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly pay(Round to two decimal places.) Interest: SRound to two decimal places.)

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