How do I solve this?
Matthew purchased a washer and dryer for $2,315 using an 18-month deferred payment plan with an interest rate of 24.92%. What is the balance after the deferment period if payments of $95 were made each month?

Question

How do I solve this?
Matthew purchased a washer and dryer for $2,315 using an 18-month deferred payment plan with an interest rate of 24.92%. What is the balance after the deferment period if payments of $95 were made each month?

anonymous · Answer

$95x18= $1710
the interest would be would be $92.90
so $1710+92.90=$1802.90
2,315-1802.9=512.10

anonymous · Answer

The options are 
$1,641.41
$3,351.41
$605.00
$2,315.00

anonymous · Answer

My guess would be C that's what you get if you go with 17 instead of 18

anonymous · Answer

Thank you.! Can you help with a few more.?(:

anonymous · Answer

I would but my class is about to be over I'm sorry