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24 August, 03:18

Ken wants to purchase a boat. The purchase price of the boat is $ 15, 000. The dealership will allow him to pay cash or finance the boat for a down payment of $ 3, 000.00 and 48 monthly payments of $ 300.00. Ken chose to finance the boat.

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  1. 24 August, 03:27
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    He will spend $2,400 more by financing the boat

    15000 - (3000 + (48*300)) = 2400
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