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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 $291 beginning in seven

What price will a finance company pay to a merchant for a conditional sale contract that requires 12 monthly payments of $291 beginning in seven months? The finance company requires a rate of return of 15% 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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