Question: What would be your required monthly payments on a five-year loan for a $50,000 boat, requiring a down payment of $5,000, if payments are

What would be your required monthly payments on a five-year loan for

What would be your required monthly payments on a five-year loan for a $50,000 boat, requiring a down payment of $5,000, if payments are due at the end of each month and the interest rate is 8% compounded annually?

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