What is the monthly payment and what is interest will pay

Assignment Help Financial Management

Reference no: EM131903805

What is the monthly payment and what is interest you will pay? Round both answers to 2 decimal places.

Question Help Asailboat costs $23,915. You pay 25% down and amortize the rest with equal monthly payments over a 12-year period. you must pay 7.5% oompounded monthly, what is your monthly payment?

How much interest will you pay?

Monthly payments: (Round to two decimal places.)

Reference no: EM131903805

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