Question

Haley purchased a jet ski for $2,485 using a 12-month deferment plan. The interest rate is 21.47%. A down payment of $475 is required as well as a minimum monthly payment of $78. What is the balance at the beginning of the 13th month if only the minimum payment is made during the introductory period?

$2,408.65

$1,663.29

$2,486.65

$1,55

Answer 1

hellpp