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April 17, 2014

Homework Help: math

Posted by help please help!!! on Thursday, February 9, 2012 at 10:54pm.

Alex bought a new easy chair for $399. She bought it on the "12 months is the same as cash" plan. The contract stated that if not paid in 12 months, she would be assessed 14 percent APR, dated from the first day of sale. If she pays it off on the thirteenth month, how much will she have to pay?

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