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OpenStudy (anonymous):
15. Abraham purchased a living room set for $3,742 using an 18-month deferred payment plan with an interest rate of 18.79%. What is the balance after the deferment period if no payments are made? (1 point) $4,844.77 $4,949.50 $3,742.00 $4,445.12
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OpenStudy (anonymous):
$4949.50
OpenStudy (anonymous):
((1+0.1879/12)^18)*3742
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