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Carlos pays $25 for skis and borrows the remaining amount. The loan payments are $75 every 3 months foryears. The interest rate is 16.2%/a compounded

Carlos pays $25 for skis and borrows the remaining amount. The loan payments are $75 every 3 months foryears. The interest rate is 16.2%/a compounded quarterly. What was the selling price of the skis?

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