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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 59
At a recent boat show, Nautica Bank was offering boat loans for up to 5 years with APRs of 13.5%. On new boats, a 20% down payment was required. Scott Vaughn wanted to finance a $55,000 boat for 5 years.
a. What would be the finance charge on the loan?
b. What would be the monthly payment?
a. What would be the finance charge on the loan?
b. What would be the monthly payment?
Explanation
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The given data is the purchase price is ...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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