Solution-What was the original price of the boat

What was the original price of the boat

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Craig bought a new boat. He made a 12% down payment. He financed the rest through his bank for 5 years. His bank charged 6% per year compounded monthly and his monthly payments were $400. What was the original price of the boat?

Reference no: EM13856394

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What was the original price of the boat

Reference no: EM13856394

Reference no: EM13856394

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Cost Accounting Questions & Answers

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