Question: Can you please show all work/steps on how to solve this problem? The correct answers are included in the screenshot. Please make sure that the

Can you please show all work/steps on how to solve this problem? The correct answers are included in the screenshot. Please make sure that the work that you provide matches the correct answer in the screenshot. I've previously submitted this question to be solved and you provided an incorrect solution.

X Instructor-created question Question is graded. Grade: 0 of 1 pt Submit Grade Question Help A sailboat costs $21,455. You pay 15% down and amortize the rest with equal monthly payments over a 8-year period. If you must pay 6.9% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ 247.73 (Round to two decimal places.) Interest: $ 5,545.33 (Round to two decimal places.)

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