Theethat's car needs new struts, which cost ($ 1,189.50) installed, but he doesn't have the money to
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Theethat's car needs new struts, which cost \(\$ 1,189.50\) installed, but he doesn't have the money to do so. He asks the repair shop if they offer any sort of financing. It offers him a short-term loan at \(18.9 \%\) interest for 60 days. What is Theethat's payoff for the struts?
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