Harmony purchased a jet ski for $1,381 using a 12-month deferment plan. The interest rate is 19.57%. A down payment of $275 is required as well as a minimum monthly payment of $47. What is the balance at the beginning of the 13th month if only the minimum payment is made during the introductory period?

Question

anonymous · Answer

Someone Please Hlep me out please.

anonymous · Answer

SOMEONE PLEASE HELP ME OUT PLEASE

anonymous · Answer

Yes=D

anonymous · Answer

Yes what is the Balance on the 13 and i don't think you would be require to know the compound or simple

anonymous · Answer

*like it really dosent matter if is simple or coumpoud because they are not asking for it. i guess

anonymous · Answer

idont know honestly..lol

anonymous · Answer

that answer is not right...

anonymous · Answer

lol=D oh...idk. Honestly im completely lost in this class

anonymous · Answer

Because i though you answer the question for me and that was your final answer/ and i have the list of choices and 1106 was not one of them.=D

anonymous · Answer

oh ok so follow the pattern thnaks

anonymous · Answer

i did not get the answer..