You want to buy a motorcycle for $14,500 plus freight of $165 and other delivery charges of $125. You have already saved 15% of the total purchase price (including all charges) towards a down payment. The bank is willing to finance the remaining balance at 8.81% compounded quarterly. What is the size of your monthly payment if the loan is for 5.25 years.

You want to buy a motorcycle for $14,500 plus freight of $165 and other delivery charges of $125, You have already saved 15% of the total purchase price (including all charges) towards a down payment. The bank is willing to finance the remaining balance at 8.81% compounded quarterly. What is the size of your monthly payment if the loan is for 5.25 years. You want to buy a motorcycle for $14,500 plus freight of $165 and other delivery charges of $125, You have already saved 15% of the total purchase price (including all charges) towards a down payment. The bank is willing to finance the remaining balance at 8.81% compounded quarterly. What is the size of your monthly payment if the loan is for 5.25 years