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2. Cheap Furniture has the bedroom set that you have been looking at for several months on sale for 20% off. The original price is

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2. Cheap Furniture has the bedroom set that you have been looking at for several months on sale for 20% off. The original price is $1399. Cheap Fumiture has a short term loan with simple interest for 8 months at an annual interest rate of 27% with equal montth payments (assume you live in a state with no sales tax). a. What is the total interest charged on the loan? b. What is the amount of the monthly payment

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