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Paul purchased a computer on the installment plan by making a down payment of $360 and 24 monthly payment of $60 each. The cash price of the computer was $1,640. How much did Paul pay in finance charges to purchase the computer on the installment plan?

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Paul purchased a computer on the installment plan by making a down payment of $360 and 24 monthly payment of $60 each. The cash price of the computer was $1,640. How much did Paul pay in finance charges to purchase the computer on the installment plan?






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