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You need a new fridge. You've found one that you like: You can buy it for $640 now or pay $55.08 every month for the

You need a new fridge. You've found one that you like: You can buy it for $640 now or pay $55.08 every month for the next 12 months, starting one month from today. Attempt 1/50 for 1 pts. What is the monthly rate if you choose to pay monthly

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