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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 $351 beginning in five

What price will a finance company pay to a merchant for a conditional sale contract that requires 12 monthly payments of $351 beginning in five months? The finance company requires a rate of return of 18% 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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