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You buy a motorcycle for $52 523 plus freight of $724 and other delivery charges of $561. You have saved 25% of the total purchase
You buy a motorcycle for $52 523 plus freight of $724 and other delivery charges of $561. You have saved 25% of the total purchase price towards a down payment. The bank is willing to finance the purchase of the motorcycle at 9.86% compounded quarterly. What is the size of your monthly payment if the loan is for 4.5 years?
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