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Sebastian bought a $3240 refrigerator based on his income. Sebastian could afford to pay back only $500 per month. The charge on the unpaid balance
Sebastian bought a $3240 refrigerator based on his income. Sebastian could afford to pay back only $500 per month. The charge on the unpaid balance is 4.25%. The US rule is used in the calculation calculate the balance outstanding after the second month.
Sebastian bought a $3,240 refrigeratoc. Based on his income, Sebastian could afford to pay back only $500 per month. The charge on the unpaid balance is 4.25%. The U.S. Rule is used in the calculation. Calculate the balance outstanding after the second month Step by Step Solution
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