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Suppose Capital One is advertising a 6 0 6 0 - month, 5 . 6 1 % 5 . 6 1 % APR motorcycle loan.

Suppose Capital One is advertising a 6060-month, 5.61%5.61% APR motorcycle loan. If you need to borrow $ 8 comma 700$8,700 to purchase your dream Harley-Davidson, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.)

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