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Mathematics
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Zebina purchased an entertainment center for $2,798 using a 12-month deferred payment plan with an interest rate of 21.95%. She did not make any payments during the deferment period. What will the total cost of the entertainment center be if she must pay it off within six years after the deferment period? $5,236.80 $6,284.16 $2,798.00 $3,477.88
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help
please anyone
ok hold a bit
ok is she accumulating interest or is she having to pay 21.95% more?
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