Question: A personal learning unit (computer / software / firmware / external devices / subscriptions) is purchased for $3,400. 12 equal monthly payments will be made,

A personal learning unit (computer / software / firmware / external devices / subscriptions) is purchased for $3,400. 12 equal monthly payments will be made, but the 1^st is deferred until the end of month 7. Interest is 9% compounded monthly.

How much is still owed immediately after the 9^th monthly payment?

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