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An item is purchased for 2 4 monthly payments of $ 1 5 0 . The first payment is due on the date of sale,

An item is purchased for 24 monthly payments of $150. The first payment is due on the date of sale, and the interest rate charged on the balance is 18% compounded monthly. What is the purchase price of the item?Group of answer choices$4295.03$3409.53$3004.56$3049.63$3600.00

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