Question

jerry buys 2700 Mortocycle on a deferred payment plan. There is no down payment and no down payment and no interest for eighteen months. Jerry must make a minimum payment of 75 dollars a month. TO avoida retroactive apr of 21% hu must pay the balence in full before the 18 months has passed . If he pays 75 dollars each month how much should he pay the last month to avoid the intrest charges

Answer 1

1425

Answer 2

thanks!