Max the mouse needs to buy a refrigerator to hold all his cheese (a really big refrigerator). The refrigerator Max wants requires a down payment of $2000. The refrigerator is purchased on time, with Max planning to pay $2000 at the end of one year and $4000 at the end of 4 years. What is the cash price of the refrigerator if the interest rate is 10% compounded monthly?   TVM FORMULA

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