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A problem is listed below. Identify its type. A certain company has purchased new swivel chairs for its employees. The company made the purchase on a credit plan at Buy Right. Their monthly payments are $1,000 for 4 years. Buy Right will charge 2.25% per year compounded monthly. How much was the original total price of the furniture?

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so i would do interest=price* rate* time or i=prt You are looking for price or p, so plug in what you know
you get it?

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