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Finance charge on the cash price

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A computer with software costs $2,941, and Catherine Stevens has agreed to pay a 17%per year finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each month?

Reference no: EM131248315

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Finance charge on the cash price : A computer with software costs $2,941, and Catherine Stevens has agreed to pay a 17%per year finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each month?
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