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You want to buy a motorcycle for $15,500 plus freight of $115 and other delivery charges of $125. You have already saved 35% of the

You want to buy a motorcycle for $15,500 plus freight of $115 and other delivery charges of $125. You have already saved 35% of the total purchase price(including allcharges) towards a down payment. The bank is willing to finance the remaining balance at 8.01% compounded quarterly. What is the size of your monthly payment if the loan is for 4.75 years.

The monthly payment is $

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