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A consumer buys goods worth $630. She pays $63 down and will pay $315 at the end of 1 year. If the store charges interest
A consumer buys goods worth $630. She pays $63 down and will pay $315 at the end of 1 year. If the store charges interest at a rate of 6.9%/year compounded monthly on the unpaid balance, what final payment will be necessary at the end of 42 months?
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