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If a furniture store offers to sell a washer-dryer combination priced at $1395 on a conditional sale contract requiring 12 monthly payments of $125 (including

If a furniture store offers to sell a washer-dryer combination priced at $1395 on a conditional sale contract requiring 12 monthly payments of $125 (including a payment on the date of sale), what effective rate of interest is being charged?( using formula)

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