Short Answer
Rueben has a finance plan with the furniture store where the $4,990 he spent accrues finance charges at an annual interest rate of 10.3% compounded monthly for 4 years before he starts to make payments. What will be the balance on the account at the he must begin paying off the balance? Please round the answer to the nearest hundredth. $__________
Correct Answer:
Verified
Correct Answer:
Verified
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