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need solution and formula What price will a finance company pay to a merchant for a conditional sale contract that requires 12 monthly payments of
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What price will a finance company pay to a merchant for a conditional sale contract that requires 12 monthly payments of $249, with the first payment due six months from now? The finance company requires a return of 16.5% compounded monthly (Do not round intermediate calculations and round your final answer to 2 decimal places.) Price $ 3268.99 okStep by Step Solution
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