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Suppose Capital One is advertising a 6 0 - month, 5 . 3 5 % APR motorcycle loan. If you need to borrow $ 8

Suppose Capital One is advertising a

60 -

month,

5.35 %

APR motorcycle loan. If you need to borrow $

8 300

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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