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Posted on Jul 31, 2024

Suppose Capital One is advertising a 6 0 - month, 5 . 6 1 % APR motorcycle loan. If you need to borrow $ 7

Suppose Capital One is advertising a

60 -

month,

5.61 %

APR motorcycle loan. If you need to borrow

7, 000

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.

)

Your monthly payment will be $

. (

Round to the nearest cent.

)

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