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A payment plan is set up for bathroom renovations, with the first payment due on the day installation begins. Monthly payments of $1270 are made

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A payment plan is set up for bathroom renovations, with the first payment due on the day installation begins. Monthly payments of $1270 are made for two years with 1.99% interest compounded quarterly. What was the invoiced cost of the renovations? Select one: a $5005 O b. $25.380 C $29.908 d. $29.858

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