Question 9
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After much consideration you have decided to purchase a boat. This is a luxury item for you so you need to make sure that you get the best deal that you can. You found the same boat at two different retailers.
- Marine Max has the boat you want for \( \$ 29,909 \) and they will offer financing for 5 years at \( 5.25 \% \) APR.
- Lowe Boats has the same boat for \( \$ 28,889 \) and they will offer financing for 6 years at \( 6.00 \% \) APR.
If you buy the boat from Marine Max, the total you would pay for the boat would be \( \qquad \)
If you buy the boat from Lowe Boats, the total you would pay for the boat would be \( \qquad \)
\( \qquad \)
Question 10
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