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Mathematics 16 Online
OpenStudy (anonymous):

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?

OpenStudy (anonymous):

$1,295.95 $778.95 $837.87 $1,342.95 please explain?! :) thxs

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