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August 22, 2014

Homework Help: Business math

Posted by lo on Sunday, November 18, 2012 at 2:44pm.

To help consumers in this tough economic climate, Pikes Peak Harley-Davidson offered to finance a new motorcycle for qualifying customers at 13% down, 7.50% interest for 48 months during July 2009. Rich Martinez was interested in calculating what his monthly payment would be if he bought a $29,566 bike.

Calculate his monthly payment to the nearest cent.

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