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17. You have saved $5,000 to buy a jet ski and can budget $1500 every three months to repay a loan. If you use your $5,000 sa

Please use financial calculator

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Answer #1

Loan amount = PMT*(1-(1/(1+r^n)))/ $25,752.96 1500*(1-(1/(1.015420)}}/0.015 Pay for the jet ski = $30,753 [ 25,752.96 +5,000

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