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22 May, 22:23

Nicole used her credit card to buy a $1,255 mattress. Her credit card has an APR of 11.56%, compounded monthly, and the mattress was the only purchase on the card. Nicole paid off the mattress after two and a half years. If the sales tax in Nicole's area is 9.08%, how much interest did Nicole pay in total? (Round all dollar values to the nearest cent.)

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  1. 22 May, 23:13
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    12.34 dollars cause 9.08%is 100%
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