Question: A client i s purchasing a fancy speed boat for $ 1 2 5 , 0 0 0 . I f the APR i s

A client is purchasing a fancy speed boat for $125,000.If the APR is8.5%ona10 year monthly loan, what is her monthly payment? Every 6 payments she will pay an extra 1000in addition to the regular payment. In what month (number) will the boat be paid off?

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