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The Musical Instrument Store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. The costs include 12% for storage, 12% for interest, and 5% for transportation. What is the value of the inventory to the nearest cent?

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1. The Musical Instrument Store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. The costs include 12% for storage, 12% for interest, and 5% for transportation. What is the value of the inventory to the nearest cent?





 
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