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lswimstar

  • 3 years ago

Felix purchased a boat for $9,755. He made a down payment of $875. He applied for a six-year installment loan with an interest rate of 10.4% in the amount of $8,880. What is the total cost of the boat after six years? m=p i(1+i)^nt ----------- (1+i)^nt-1 p=principal i=interest rate n=number of periods per year t=time period m=monthly payment please help

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  1. pooja195
    • 3 years ago
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    what math ru in?

  2. lswimstar
    • 3 years ago
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    advanced algebra could you help me?

  3. lswimstar
    • 3 years ago
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    I have 4 different answers: 9803.52 11974.32 12849.32 10769.52

  4. pooja195
    • 3 years ago
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    i think its the third one

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