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Stereo Inc. sells a stereo system for $600 down and monthly payments of $70 for the next 4 years. If the interest rate is 2.25%

Stereo Inc. sells a stereo system for $600 down and monthly payments of $70 for the next 4 years. If the interest rate is 2.25% per year, find: The cost of the stereo and The cost of the stereo.

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