Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 3 years ago

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? My answer: $8,999.28. Am I right?

  • This Question is Closed

    Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy