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Jace wants to purchase a new computer. Plan 1:They can pay $1250 down and $2389.21 at the end of three years. Plan 2: They can

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Jace wants to purchase a new computer. Plan 1:They can pay $1250 down and $2389.21 at the end of three years. Plan 2: They can pay $162.50 at the end of each month for three years. If money is worth 5.25% interest compounded monthly to Jace... (a)...which is the better plan? (b) By how much NOW? What is the total cost of each plan NOW? Plan 1: Plan 2

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