Question: What price will a finance company pay to a merchant for a conditional sale contract that requires 18 monthly payments of S331 beginning in

What price will a finance company pay to a merchant for a

What price will a finance company pay to a merchant for a conditional sale contract that requires 18 monthly payments of S331 beginning in five months? The finance company requires a rate of return of 15% compounded monthly. (Do not round intermediate calculations and round your final answer to 2 decimal places.) The finance company will pay

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