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Suppose Capital One is advertising a 60-month, 5.79% APR motorcycle loan. If you need to borrow $8,700 to purchase your dream Harley-Davidson, what will be

Suppose Capital One is advertising a

60-month,

5.79%

APR motorcycle loan. If you need to borrow

$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.)

Your monthly payment will be

$nothing.

(Round to the nearest cent.)

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