Amortize the rest with eqaul monthly payment

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A sailboat costs $28,867. You pay 2-% down payment and amortize the rest with eqaul monthly payment over a 9-yr period. If you must pay 6.9% compound monthly,

What is your monthly payment? (round to two decimal places)

How much interest will you pay? (round to two decimal places)

Reference no: EM131049565

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