Question: EVER 4. James buys a motorcycle for $6575. He makes a down payment of $650 and finances the rest. He plans to make monthly

EVER 4. James buys a motorcycle for $6575. He makes a down

EVER 4. James buys a motorcycle for $6575. He makes a down payment of $650 and finances the rest. He plans to make monthly payments for the next 3 years at 12% compounded monthly. How much interest does James pay on the loan? (5 marks)

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