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Franklin's new snowmobile cost $16,000. After his down payment of $1,000, he financed the remainder...

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Accounting

Franklin's new snowmobile cost $16,000. After his down payment of $1,000, he financed the remainder at 10% for 10 years. Use the table to find the monthly payment for the amortized loan. Find the total interest paid on the loan. LOADING... Click the icon to view a table of monthly payments on a $1,000 loan.

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