You want to buy a motorcycle for $13,500 plus freight of $105 and other delivery charges of $125. You have already saved 15% of the total purchase price (including all charges) towards a down payment....


You want to buy a motorcycle for $13,500 plus freight of $105 and other delivery charges of $125. You have already saved 15% of the total purchase<br>price (including all charges) towards a down payment. The bank is willing to finance the remaining balance at 9.06% compounded quarterly. What is the<br>size of your monthly payment if the loan is for 3.25 years.<br>The monthly payment is $<br>(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)<br>

Extracted text: You want to buy a motorcycle for $13,500 plus freight of $105 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 9.06% compounded quarterly. What is the size of your monthly payment if the loan is for 3.25 years. The monthly payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Jun 03, 2022
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