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Part $1$

You want to buy a motorcycle for $$$$10$ comma $500$ plus freight of $$$$165$ and other delivery charges of $$$$225.$ You have already saved $25\%$ of the total purchase price$($including all$$ charges$)$ towards a down payment. The bank is willing to finance the remaining balance at $7\mathrm{.}99\%$ compounded quarterly. What is the size of your monthly payment if the loan is for $3\mathrm{.}75$ years.

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Part $1$

The monthly payment is $$$

$$

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