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Kevin buys a motorcycle for $8,000. The dealer is charging him an annual interest rate of 8.25%. If he pays off the loan in 72

Kevin buys a motorcycle for $8,000. The dealer is charging him an annual interest rate of 8.25%. If he pays off the loan in 72 months, what are his monthly payments?

If he makes a downpayment of $3,000, how much will his monthly payments be rounded to two decimal points?

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