Answer:
If she buys a boat without a down payment, then the affordable price is 5,700.
Step-by-step explanation:
Her bank charges 5% interest per year.
Let, payment = p,
p = 250(\frac{1-(1+\frac{0.05}{12})^-24}{\frac{0.05}{12}})
p = 5698.47
After round off p = 5700
