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You are interested in purchasing a laptop-type computer, which is among the credit card promotions of a department store. The promotion calls for 12 payments

You are interested in purchasing a laptop-type computer, which is among the credit card promotions of a department store. The promotion calls for 12 payments of $ 860.00 each at a rate of 2.8% per month or a cash payment of $ 7,980.00. Taking into account the value of the monthly payment of the promotion, calculate:

What is the future value given that annuity?

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