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Heather chooses to buy a scarf at Macy's and reads the price on the tag as $50. She uses her credit card to pay for the scarf, but post-purchase, she notices that the price tag actually says $500. This is an instance of a(n) ________.
Interest Annually
The payment received or owed for the use of money calculated over a one-year period.
Payment Now
An immediate transfer of funds or payment ofmoney without delay.
Equal Payments
Regular payments that are the same in amount, often seen in loan repayments or installment plans.
Equivalent Payment
A payment amount adjusted to reflect an equivalent value under different conditions or terms.
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