You want to buy a motorcycle for ​$10 comma 50010,500 plus freight of ​$195195 and other delivery charges of ​$225225. You have already saved 1515​% of the total purchase price​ (including...


You want to buy a motorcycle for


​$10 comma 50010,500

plus freight of


​$195195

and other delivery charges of


​$225225.

You have already saved


1515​%

of the total purchase price​ (including all​ charges) towards a down payment. The bank is willing to finance the remaining balance at


9.169.16​%

compounded quarterly. What is the size of your monthly payment if the loan is for


4.754.75

years.



Jun 08, 2022
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