Wilfredo bought a new boat for $15,300. He paid $1,000 for the down payment and financed...

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Wilfredo bought a new boat for $15,300. He paid $1,000 for the down payment and financed the rest for 4-years at an annual interest rate of 4%. 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.) Wilfredo bought a new boat for $15,300. He paid $1,000 for the down payment and financed the rest for 4-years at an annual interest rate of 4%. 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.)

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To find the monthly payment for the amortized loan we can use the table of monthly payme... View the full answer