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One of your major customers, just purchased 500 sleeper mattresses for $18,500; you have negotiated a monthly rate of 1.1368% on the repayment plan, and

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One of your major customers, just purchased 500 sleeper mattresses for $18,500; you have negotiated a monthly rate of 1.1368% on the repayment plan, and a monthly payment of $400.00. The customer will pay off the outstanding amount in months or years. ALL ANSWERS TO 2 DECIMAL PLACES

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