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7) Suppose you buy a new washer and dryer and Sears finances the total cost of $1,200 over a 3-year period, charging 21% interest, compounded

7) Suppose you buy a new washer and dryer and Sears finances the total cost of $1,200 over a 3-year period, charging 21% interest, compounded monthly. What will be your monthly payments? A) $24.21 B) $45.21 $414.08 D) $326.61

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