Flint purchased a boat for $10,815. He made a down payment of $1,175. He applied for a six-year installment loan with an interest rate of 9.4% in the amount of $9,640. What is the total cost of the boat after six years?
$12,649.68
$13,824.68
$11,831.61
$10,546.16
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Home » Mathematics » Flint purchased a boat for $10,815. He made a down payment of $1,175. He applied for a six-year installment loan with an interest rate of 9.4% in the amount of $9,640. What is the total cost of the boat after six years? $12,649.68 $13,824.68 $11,831.