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In: Finance

Suppose Capital One is advertising a 6060​-month, 5.25 %5.25% APR motorcycle loan. If you need to...

Suppose Capital One is advertising a

6060​-month,

5.25 %5.25%

APR motorcycle loan. If you need to borrow

$ 8 comma 700$8,700

to purchase your dream​ Harley-Davidson, what will be your monthly​ payment?​ (Note: Be careful not to round any intermediate steps less than six decimal​ places.)

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