Julio purchased some power tools totaling $2,174 using a six-month deferred payment plan with an interest rate of 28.19%. He did not make any payments during the deferment period. What will the total cost of the dining room set be if he must pay off the dining room set within two years after the deferment period?

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$2,499.00
$3,297.84
$2,174.00
$4,122.30

My answer close to this one $3,297. 79

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