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George bought a motorcycle for $8500.00. Because of his good credit, George received no interest and no payments for one year. To lower his payments,
George bought a motorcycle for $8500.00. Because of his good credit, George received no interest and no payments for one year. To lower his payments, George paid $200.00 per month for the first year. After the first year, the interest rate became 13% compounded monthly. Find the payments on the remaining balance if he financed the balance for 2 years.
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