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Time Payment Agreements - Questions

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Question 1
29571

The cash price of a golf club is $240. To buy through a hire-purchase agreement requires a deposit paid of $24 and 12 equal monthly installments of $21. 

Calculate the total cost of buying the golf club by hire-purchase. 

$276

\begin{aligned}
\text { Total cost } &=24+12 \times 21 \\
&=\$276
\end{aligned}

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