Rhett is considering buying a new dirtbike. The Yamaha stor…
Rhett is considering buying a new dirtbike. The Yamaha store is advertising a “sale” on their select bikes where Rhett can finance a dirtbike through them for 3 years, at an interest rate of 8%, compounded monthly. How much will he end up paying if he chooses to finance the bike rather than pay the $6,500 sticker price? Report your answer to two decimal places.
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