Essay
Cedric purchased a new refrigerator and stove at Home Depot for $3,729 on a deferred payment plan with no down payment and no payment at all for six months.If the entire $3,729 is paid in full before three months is up,there is no interest.If it is not paid in full within the six months,there is a finance charge with an APR of 25.4% applied each month going back to the first month.If Cedric makes the full payment a week after the six months expired,what is the finance charge?
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