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30 December, 20:22

Frank purchased a boat for $7,525. he made a down payment of $475. he applied for a six year installment loan with an interest rate of 8.4% in the amount of $7,050. what is the total cost of the boat after six years?

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  1. 30 December, 20:35
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    The total cost of the boat would be I believe, $59,220 dollars. all I did was 7,050*8.4
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