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1 . You purchase a piece of furniture worth $ 5 0 0 0 on credit through a local furniture store. You are told that
You purchase a piece of furniture worth $ on credit through a local furniture store. You are told that your monthly payment will be $ including an acquisition fee of $ at a addon interest rate over months. After making payments, you decide to pay off the balance. Compute the remaining balance based on the conventional amortized loan.
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