Question: You borrow $ 2 2 , 0 0 0 to buy a boat. The loan is to be paid off in monthly installments over one

You borrow $ 2 2 , 0 0 0 to buy a boat. The loan is to be paid off in monthly installments over one year at 24 % interest annually. The first payment is due one month from today. What is the amount of each monthly payment

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