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You purchase a computer for $875.00 plus 5% sales tax. You decide to finance it through the store's 0% program for 12 months. When you receive the bill, you forget to pay it and are assessed a late fee of $39.00 plus the interest accrued to that point on the initial amount at 14.25% APR. How much interest will you be charged?

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1. You purchase a computer for $875.00 plus 5% sales tax. You decide to finance it through the store's 0% program for 12 months. When you receive the bill, you forget to pay it and are assessed a late fee of $39.00 plus the interest accrued to that point on the initial amount at 14.25% APR. How much interest will you be charged?





 
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