Mia Lane bought a high definition television for $7,500. Based on her income, she could only afford to pay back $600 per month. There is 1 ½ percent monthly interest charge on the unpaid balance. The U.S. Rule is used in the calculation. At the end of month one, the balance outstanding is: Answer $6,012.50 $5,012.50 $4,012.50 $3,012.50 None of these

Question

Mia Lane bought a high definition television for $7,500. Based on her income, she could only afford to pay back $600 per month. There is 1 ½ percent monthly interest charge on the unpaid balance. The U.S. Rule is used in the calculation. At the end of month one, the balance outstanding is: Answer 		 $6,012.50 		 $5,012.50 		 $4,012.50 		 $3,012.50 		 None of these

anonymous · Answer

none of these

anonymous · Answer

May I ask how you got your answer?