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A $60,000 Loan Is Taken Out on a Boat with the Terms

Question 108

Multiple Choice

A $60,000 loan is taken out on a boat with the terms 7% APR for 36 months.How much are the monthly payments on this loan?

A) $1666.66
B) $1783.33
C) $1796.54
D) $1852.62
E) $1901.24

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