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What is the size of monthly payment

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You want to buy a motorcycle for ?$10,500 plus freight of ?$105 and other delivery charges of ?$125. You have already saved 35?% of the total purchase price? (including all?charges) towards a down payment. The bank is willing to finance the remaining balance at 8.11?% compounded quarterly. What is the size of your monthly payment if the loan is for 4.75 years.

Reference no: EM131957346

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