Question

Sarah purchased a swing set for $1,450 using a six-month deferred payment plan. The interest rate after the introductory period is 19.99%. No down payment is required, but there is a minimum monthly payment of $20. What is the balance at the beginning of the seventh month if only the minimum payment is made each month during the introductory period?

$1,481.10

$1,330.00

$1,450.00

$1,601.10

Answer 1

1,330.00

Answer 2

@Kamapalapa Code of Conduct:

OpenStudy values the Learning process - not the ‘Give you an answer’ process
Don’t post only answers - guide the asker to a solution.

Answer 3

Okay o: