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Solve the problem.
-A travel agent arranged a payment plan for a client. It required a down payment of $250 and 12 monthly payments of $363. What was the total cost of the plan?
Shares of XYZ
Refers to units of equity ownership in a corporation named XYZ, representing a fraction of the corporation's total capital.
Corporate Bond
A loan to a corporation; the corporation agrees to pay the bondholder back with interest, much like a bank pays a customer with money on deposit.
Interest Per Year
The annual amount of interest paid on an investment or loan, expressed as a percentage of the principal.
Net Proceeds
The amount of money made on a stock trade after the brokerage fees are paid.
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