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You would like to buy a Harley Davidson and you can afford to make a down payment of $9000 and pay monthly (end-of-month) payments of
You would like to buy a Harley Davidson and you can afford to make a down payment of $9000 and pay monthly (end-of-month) payments of $1280. If the term is 3 years of monthly payments and the loan rate is 6.75% (APR), then what is the maximum that you can pay for the motorcycle?
Enter your answer to 2 decimal places, without any symbols.
The Answer is $50,608.53, but I do not know how to get to it.
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