document.write( "Question 805106: To help consumers in this tough economic climate, Pikes Peak Harley-Davidson offered to finance a new motorcycle for qualifying customers at 15% down, 7.5% interest for 48 months during July 2009. Rich Martinez was interested in calculating what his monthly payment would be if he bought a $29,386 bike.
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document.write( "Calculate his monthly payment to the nearest cent.
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Algebra.Com's Answer #485087 by josgarithmetic(39625) ![]() You can put this solution on YOUR website! He will finance 29386*(0.85) and his total payments in 48 months would be \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The first part in the numerator shows the amount he owes on the price, and the second part shows the amount of interest; but the entire numerator is divided into the 48 months. This is financed portion plus the interest for the financed portion.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Expression may be handled as \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "559.40 dollars per month. \n" ); document.write( " |