You want to buy a motorcycle for $15,500 plus freight of $155 and other delivery charges of $125. You have already saved 15% of the total purchase price (including all charges) towards a down payment....

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Extracted text: You want to buy a motorcycle for $15,500 plus freight of $155 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 8.62% compounded quarterly. What is the size of your monthly payment if the loan is for 5.25 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.)