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23} Goods worth $1000 are purchased using the following carrying-charge plan: A dDWn payment of $100 is require-24:]1 aer which 18% of the unpaid balance
23} Goods worth $1000 are purchased using the following carrying-charge plan: A dDWn payment of $100 is require-24:]1 aer which 18% of the unpaid balance is added on and the amount. is then divided into 12 equal monthlyr instalments. What annual cecw rate of interest does the plan include? { 1
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