Financial Question?
Flint purchased a boat for $10,815. He made a down payment of $1,175. He applied for a six-year installment loan with an interest rate of 9.4% in the amount of $9,640. What is the total cost of the boat after six years?

$12,649.68
$13,824.68
$11,831.61
$10,546.16

Question

Financial Question? 
Flint purchased a boat for $10,815. He made a down payment of $1,175. He applied for a six-year installment loan with an interest rate of 9.4% in the amount of $9,640. What is the total cost of the boat after six years?

    $12,649.68
    $13,824.68
    $11,831.61
    $10,546.16

anonymous · Answer

I got 12,649.68 can someone make sure that's right?