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Can you please show all work/steps on how to solve this problem? The correct answers are included in the screenshot.

X Instructor-created question Question is graded. Grade: 0 of 1 pt Submit Grade Question Help A sailboat costs $21,455. You p

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Answer #1

* Kalculation of Emil Monthly Payment EMI = PX RX (1+R) (1+R? - 1 sail boat cost $21455 Down Payment made= 15% X 21455 = 32o 181:724 0.733 247.99 2 (Rounded) EMI = $247 2 N toe EMIX paid = 247.92X96 = $ 23800:32 (No. of Install ments) Total Interes

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