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A credit card company offers a deferred payment option for the purchase of any appliance. Rose plans to buy a smart television set with monthly

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A credit card company offers a deferred payment option for the purchase of any appliance. Rose plans to buy a smart television set with monthly payment of Php 4,000.00 for 2 years. The payment will start at the end of 3 months. How much is the cash price of the TV set if the interest is 10% compounded monthly

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