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Sandy purchased a dining room set for $1,140 using a 12-month deferred payment plan with an interest rate of 26.78%. She did not make any payments during the deferment period. What will the total cost of the dining room set be if she must pay off the dining room set within two years after the deferment period?
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http://openstudy.com/study#/updates/51cddc1be4b063c0de5b570e the answer is there $1,935.12
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