Question: Use an annual percentage rate table to solve the problem. A family purchased a new ski boat for $14,000. The loan agency required a 5%

Use an annual percentage rate table to solve the problem. A family purchased a new ski boat for $14,000. The loan agency required a 5% down payment and financed the balance for 36 months with an APR of 60% Determine the total finance charge and monthly payment for the loan

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