Question

Hannah purchased a jet ski for $3,849 using a 12-month deferment plan. The interest rate is 25.67%. A down payment of $575 is required as well as a minimum monthly payment of $92. What is the balance at the beginning of the 13th month if only the minimum payment is made during the introductory period?

Answer 1

yes

Answer 2

Hannah purchased a jet ski for $3,849 using a 12-month deferment plan. The interest rate is 25.67%. A down payment of $575 is required as well as a minimum monthly payment of $92. What is the balance at the beginning of the 13th month if only the minimum payment is made during the introductory period?

$4,128.72

$3,282.99

$3,116.72

$4,220.72

Answer 3

last one

Answer 4

same... through a calculation source. that was the closest answer i came to

Answer 5

ok

Answer 6

how did you figure it out?

Answer 7

yes

Answer 8

both answers were wrong