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Helena and George are planning to purchase a new plasma TV. If they finance the purchase through the store's promotional financing option, they would pay

Helena and George are planning to purchase a new plasma TV. If they finance the purchase through the store's promotional financing option, they would pay $87 at the end of each month for three years, starting with the first month. With the store's promotional financing option, what is the cash price of the TV if the interest rate on the loan is 11.6% compounded monthly?

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