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

I got D

Answer 2

wait hold on just a sec

Answer 3

nope never mind answer is B

Answer 4

that is a poorly worded question

Answer 5

@brittneyy18rm

Answer 6

It's not B, I checked :/

Answer 7

This question is poorly worded, sorry, Let me look at it again

Answer 8

Thank you :)

Answer 9

Did you see if D was right?

Answer 10

that is the only other answer that makes sense to me

Answer 11

Well I know C isn't right

Answer 12

D is right!! thank you!!

Answer 13

np, I should not have doubted myself the first time!!!