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Patrick bought a new sofa and took out a loan to pay for it. The term of the loan was 3 years at 3%
Patrick bought a new sofa and took out a loan to pay for it. The term of the loan was 3 years at 3% compounded quarterly. She knows that the amount due at the end of the term is $1665.31 What was the cost of the sola? Use a TVM Solver to answer the questions State the values used for calculations Indicate positive/negative values for cash flow Te "O" (Zero) if that variable was not used Round answers to 3 decimal places as needed n= 1 = PV= PMT FV- Now complete the answer below Round to the nearest DOLLAR The cost of the sofa was $
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