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A certain department store requires its credit-card customers to pay interest on unpaid bills at the rate of 24% per year compounded monthly. If a
A certain department store requires its credit-card customers to pay interest on unpaid bills at the rate of 24% per year compounded monthly. If a customer buys a television set for $540 on credit and makes no payments for one year, how much is owed at the end of the year? (Round your answer to the nearest cent.)
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