What is your monthly payment-how much interest will you pay

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A sailboat costs $25569. You pay 25% down and amortize the rest win monthtly equal payments over a 8 year period. If you must pay 7.5% compounded monthly , WHAT IS YOUR MONTHLY PAYMENT? HOW MUCH INTEREST WILL YOU PAY?

Monthly payment:

Interest:

Reference no: EM131989702

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