Franklin's new snowmobile cost $13,500. After his down payment of $2,500, he financed the remainder at...
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Franklin's new snowmobile cost $13,500. After his down payment of $2,500, he financed the remainder at 10% for 4 years. Use the table to find the monthly payment for the amortized loan. Find the total interest paid on the loan. Click the icon to view a table of monthly payments on a $1,000 loan. The monthly payments for this loan are $[ (Round to the nearest cent as needed.) The total interest he paid on this loan is $ (Round to the nearest cent as needed.) Franklin's new snowmobile cost $13,500. After his down payment of $2,500, he financed the remainder at 10% for 4 years. Use the table to find the monthly payment for the amortized loan. Find the total interest paid on the loan. Click the icon to view a table of monthly payments on a $1,000 loan. The monthly payments for this loan are $[ (Round to the nearest cent as needed.) The total interest he paid on this loan is $ (Round to the nearest cent as needed.)
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