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Posted on Aug 10, 2024

Suppose Capital One is advertising a 6 0 - month, 5 . 5 4 % APR motorcycle loan. If you need to borrow $ 7

Suppose Capital One is advertising a

60 -

month,

5.54 %

APR motorcycle loan. If you need to borrow $

7, 800

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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