A recreational vehicle costs $80,000. You pay 10% down and amortize the rest with equal monthly payments

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A recreational vehicle costs $80,000. You pay 10% down and amortize the rest with equal monthly payments over a 7-year period. If you pay 9.25% compounded monthly, what is your monthly payment? How much interest will you pay?

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 07:35 AM

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A recreational vehicle costs $80,000. You pay 10% down and amortize the rest with equal monthly payments

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Amortized amount 80000 80000010 7200...View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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