Question: A sailboat costs $ 1 8 , 7 9 8 . You pay 1 0 % down and amortize the rest with equal monthly payments

A sailboat costs $18,798. You pay 10% down and amortize the rest with equal monthly payments over a 10-year period. If you must pay 7.2% compounded monthly, what is your
monthly payment? How much interest will you pay?
Monthly payments: $ (Round to two decimal places.)
A sailboat costs $18,798. You pay 10% down and amortize the

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