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You want to buy a motorcycle for $11,700 plus freight of $165 and other delivery charges of $125. You have already saved 25% of the
You want to buy a motorcycle for $11,700 plus freight of $165 and other delivery charges of $125. You have already saved 25% of the total purchase price towards a down payment. The bank is willing to finance the remaining balance at 8.76% compounded quarterly. What is the size of our monthly payment if the loan is for 4.25 years? +
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