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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 41
At a recent boat show, Nautica Bank was offering boat loans for up to 5 years with an APR 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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Verified
The given data is the purchase price is ...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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