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3. What price will a finance company pay to a merchant for a conditional sale contract that requires 12 monthly payments of $249, with the

3. What price will a finance company pay to a merchant for a conditional sale contract that requires 12 monthly payments of $249, with the first payment due six months from now? The finance company requires a return of 16.5% compounded monthly. USE a FINANCIAL CALCULATOR inputs to figure out, list them out (CY, PY, PV, FV, PMT, n, i)

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