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Mathematics, 28.02.2021 08:40 hwhite41

Fred purchased a boat for $8,645. He made a down payment of $775. He applied for a six-year installment loan with an interest rate of 11.4% in the amount of $7,870. What is the total cost of the boat after six years?

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Fred purchased a boat for $8,645. He made a down payment of $775. He applied for a six-year installm...
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