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11. Suppose you bought new living room furniture for $8,500. You made a down payment of $750 towards the furniture and financed the balance at

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11. Suppose you bought new living room furniture for $8,500. You made a down payment of $750 towards the furniture and financed the balance at an interest rate of 14.5%, compounded monthly for 3 years. Determine the monthly payment you will have. Calculate the total amount you'll have to pay in the 3 years? How much total interest did you pay

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