T-Mobile offers a new cell phone for free with a 2-year $66.27/month contract. Alternatively you can...

T-Mobile offers a new cell phone for free with a 2-year $66.27/month contract. Alternatively you can purchase the phone outright and pay $50.65/month for a service-only contract. If the annual interest rate is 5.6%, how much are you paying for your phone when you sign the two year agreement (rounded $ to two places after the decimal)?

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jeff jeffy answered 2 years ago

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