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7 January, 09:56

Modern Appliances offers a one-year monthly installment plan for a refrigerator. The payment for the first month is $75, and then it increases by 6% each month for the rest of the year. Which expression can be used to find the total paid in the first 12 months?

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  1. 7 January, 10:38
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    75 (1-1.06^12/1-1.06) !
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