A $60,000 loan is taken out on a boat with the terms 7% APR for 36 months.How much are the monthly payments on this loan?
A)$1666.66
B)$1783.33
C)$1796.54
D)$1852.62
E)$1901.24

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The Answer of A $60,000 loan is taken out on a boat with the terms 7% APR for 36 months.How much are the monthly payments on this loan?
A)$1666.66
B)$1783.33
C)$1796.54
D)$1852.62
E)$1901.24

A $60,000 Loan Is Taken Out on a Boat with the Terms