You agree to purchase a boat from Turner’s Boat dealership for $30,000.  You agree to pay $10,000. in cash and Turner agrees to finance the balance of $20,000.  for 4 years at 8% add-on interest.

 

What is the amount of your Note??  (Show  Calculations)

 

 What are the monthly payments??? (Show Calculations)

    • 10 years ago