Mathematics, 20.01.2021 22:10, natalymorales96

Kaden wants to buy a boat that costs $29,500. He will make a $5,000 down payment and borrow the remaining with a 72-month loan that has an annual interest rate of 4.8%. Determine Kaden’s monthly boat payment to the nearest dollar amount. M = Monthly Payments
P = Amount Borrowed
r = Annual Interest Rate
n = Total Number of Monthly Payments

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Kaden wants to buy a boat that costs $29,500. He will make a $5,000 down payment and borrow the rema...