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Peter wants to buy a motorcycle. The motorcycle costs $9,000, and Peter wants to finance this with a 8 year loan at an interest rate

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Peter wants to buy a motorcycle. The motorcycle costs $9,000, and Peter wants to finance this with a 8 year loan at an interest rate of i(12) = 7.44% with monthly payments. Calculate the size of the monthly payments (round your answer up to the nearest penny)

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