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OpenStudy (anonymous):
3. Mr. S.P. Iderman needs a new suit. The suit costs $8,000. He can pay a down payment of $300 and then make a payment of $500 each month. If the interest rate is 6%, how much will Mr. Iderman owe at the end of the third month (after he makes three payments)?
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OpenStudy (travisbrown372):
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