Mathematics
Mathematics, 22.09.2021 04:20, edwardp03418

To pay for a $21700 fishing boat, Scott made a down payment of $3100 and took out a loan for the rest. On the loan, he paid monthly payments of $334.23 for 5 years. (a) What was the total amount Scott ended up paying for the fishing boat (including the down payment and monthly payments)? (b) How much interest did Scott pay on the loan?

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To pay for a $21700 fishing boat, Scott made a down payment of $3100 and took out a loan for the res...

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