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7. Luisa borrowed to buy a piano, paying $137 at the end of each month for 6 years. The bank charges interest on the loan

7. Luisa borrowed to buy a piano, paying $137 at the end of each month for 6 years. The bank charges interest on the loan at 8.57% compounded monthly. (a) What was the cash price of the piano? (b) How much is the cost of financing

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