Homework Help: Finance

Posted by diana on Saturday, January 16, 2010 at 11:12pm.

anthony bought a boat 3 years ago, and at that time he put a down payment of $25000 cash. today he made the second and final payment of $28 300, which includes the interest on the balance owing. anthony financed his purchase at 6.35%/a, compounded quarterly. determine the purchase price of the boat.

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