Order the answer to: Louiselle purchased a motor home for $9000 down, with the

Academic Writing business-corporate-finance Order the answer to: Louiselle purchased a motor home for $9000 down, with the

business-corporate-finance

Order the answer to: Louiselle purchased a motor home for $9000 down, with the

Question Louiselle purchased a motor home for $9000 down, with the balance to be paid by 60 monthly payments of $1176.40 including interest at 6% compounded monthly.
a. What was the purchase price of the motor home?
b. If the principal balance may be prepaid at any time, what is the payout amount two years after the purchase date (not including the scheduled payment on that date)?
Subject business-corporate-finance
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