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You plan to purchase items for $3400 and will finance the cost with a simple...

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Basic Math

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You plan to purchase items for $3400 and will finance the cost with a simple interest fixed installment loan. The seller tells you that you will have to pay $115 per month for 36 months. a. What is the finance charge? b. What is the simple interest rate? (Round to the nearest hundredth)

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