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27-04-2024
Mathematics

Answered

Tina Mier must pay a $2,750 furniture bill. A finance company will loan Tina $2,750 for 8 months at a 10.50% discount rate. The finance company told Tina that if she wants to receive exactly $2,750, she must borrow more than $2,750. The finance company gave Tina the following formula:

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