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MR. & MRS. CHAN WANT TO BUY FURNITURE THAT HAS A CASH PRICE OF $3450. ON THE INSTALLMENT PLAN THEY MUST PAY 25% OF

MR. & MRS. CHAN WANT TO BUY FURNITURE THAT HAS A CASH PRICE OF $3450. ON THE INSTALLMENT PLAN THEY MUST PAY 25% OF THE CASH PRICE AS A DOWN "AYMENT AND MAKE SIX MONTHLY PAYMENTS OF $437. WHAT FINANCE CHARGE UST THE CHANS PAY AND WHAT IS THE APR TO THE NEAREST HALF PERCENT?

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