Business, 24.10.2019 16:43 brenyasanders5345

Alice purchases a boat. the purchase price is $18,300 and she makes a down payment of $3,800. she finances the balance for six years. there are level end-of-month payments (except for a slightly reduces final payment) and the loan is made at an annual effective rate of 5.2%. (a) find the amount of the first seventy-one payments. (b) find the outstanding loan balance just after the twenty-fourth payment.

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Alice purchases a boat. the purchase price is $18,300 and she makes a down payment of $3,800. she fi...

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