Assume you just bought a new boat and now have a boat loan to repay.The amount of the principal is $68,000,the loan is at 6.75% APR,and the monthly payments are spread out over 7 years.What is the loan payment? Use a calculator to determine your answer.
A) $1,225.36
B) $1,206.58
C) $809.52
D) $1,081.01
Correct Answer:
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