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OpenStudy (anonymous):
Your parents purchase a computer for $1,257.00 plus 6% sales tax. They decide to finance it through the stores 0% program for 6 months. The terms state that they pay nothing until the six months are over. When they receive the bill, they forget to pay it and are assessed a late fee of $45.00 plus the interest accrued to that point at 16.75% APR. What is the accrued interest after 6 months?
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