Frank purchased a boat for $7,525. he made a down payment of $475. he applied for a six year installment loan with an interest rate of 8.4% in the amount of $7,050. what is the total cost of the boat after six years?

  $9474.40

Step-by-step explanation:

A spreadsheet can be used to calculate the amortization of the loan. The one attached uses rounding to the penny for all dollar amounts. The result is that the payment amount is rounded down, and the final payment is about 12¢ short. The total repaid on the loan will be slightly more than the product of payment amount ($124.99) and number of payments (72).

The total cost of the boat is the sum of down payment, loan amount, and interest amount. That sum is $9474.40.

560

hope this : )

square root of 36/6 = 2.449489743

square root of 16/6 = 1.632993162

square root of 6 = 2.449489743

the answer is square root of 16/6 because the square root of 36/6 is the same answer as square root of 6 = 2.449489743