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OpenStudy (anonymous):
Edgar purchased a living room set for $4,258 using a 12-month deferred payment plan. The interest rate after the introductory period is 18.70%. A down payment of $325 is required as well as a minimum monthly payment of $117. What is the balance after the introductory period if only the minimum payment is made until then? $3,397.16 $4,617.90 $3,330.90 $4,734.90
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