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Question 2 : You want to buy a Harley Davidson motorcycle for $ 4 5 , 6 0 0 plus freight of $ 9 9

Question 2: You want to buy a Harley Davidson motorcycle for $45,600 plus freight of $995 and other
delivery charges of $575. You have already saved 25% of the total purchase price (including all charges)
towards a down payment. The bank is willing to finance the remaining balance at 10.19% compounded
semiannually. What is the size of your month-end payments if the loan is for 5.25 years?

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