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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 $301 beginning in five

What price will a finance company pay to a merchant for a conditional sale contract that requires 12 monthly payments of $301 beginning in five months? The finance company requires a rate of return of 17% compounded monthly. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

What price will a finance company pay to a merchant for a conditional sale contract that requires 12 monthly payments of 5301 beginning in five months? The finance company requires a rate of return of 17% compounded monthly. (Do not round intermediate calculations and round your final answer to 2 decimal places.) The finance company will pay $

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