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What was the value of the home theatre set at the time

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Question 1: Future Shop has a plan where you don't begin payments for 17 months. You then begin payments of $395 at the beginning of every month for 13 months. Assume the interest rate is 5% compounded monthly over the whole time interval (even when you don't have any payments). What was the value of the home theatre set at the time of purchase?

Reference no: EM132494176

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