Question: Can you please show all work/steps on how to solve this problem? The correct answers are included in the screenshot. X Instructor-created question Question is

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

Can you please show all work/steps on how to solve this problem?

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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