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Boat costs $54,000. you pay 10% down and amortize the rest with equal monthly payments over a 15 year period. If you must pay 4.5 % comounded monthly, what is your monthly payme…

Boat costs $54,000. you pay 10% down and amortize the rest with equal monthly payments over a 15 year period. If you must pay 4.5 % comounded monthly, what is your monthly payme…
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5 votes
boat costs $54,000. you pay 10% down and amortize the rest with equal monthly payments over a 15 year period. If you must pay 4.5 % comounded monthly, what is your monthly payment?

asked
User STT LCU
by
7.7k points

1 Answer

3 votes

3385.8

Explanation:

answered
User NVRM
by
8.5k points
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