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OpenStudy (rocklee88):
Hello everyone, I need your help with this question for Finit Math for Business: Q1: A healthy club offers to let you join for the prepayment of 100SR, and the payments of 20SR at the end of each month for 7 years. The interest rates are 10% per year compound monthly. - What is the cash price of your membership? - How much is the total amount you pay the club, and how much interests involved?
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