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A TV was purchased for $1200 with a term of 12 equal monthly installments. The first payment is due 3 months after acquiring the debt.

A TV was purchased for $1200 with a term of 12 equal monthly installments. The first payment is due 3 months after acquiring the debt. Calculate when you will finish paying for the television, if you have an i=1.5%. (Represent the Simplified Notation,Excel Formula and Verification Table)

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