Question

Help with these question ..
2+2= ?
4+3= ?


Just playing can you help me seriously ..

Lillian made a down payment of $150 on some hockey equipment. The balance of the purchase price was paid for using a deferred payment plan with an 18-month introductory period. The interest rate is 26.79%. If the purchase price of the hockey equipment was $975 and minimum payments of $12 were made during the deferment period, what is the balance after the deferment period?

$1,011.60

$1,084.80

$1,215.60

$1,227.60

Answer 1

lol that was good
props to you for that

Answer 2

But i dont know how to do that either

Answer 3

:,c

Answer 4

see, the part that I don't get, is what kind of deferred plan she's got :/
is she paying 26.79% "during" the deferred period or is she paying just the flat minimum only
is the interest rate applicable to the deferred period or not
I mean, there are several deferred plans, and they differ, some apply the interest rate during, some don't

Answer 5

but during the deferred period thus far, we do know she has paid the downpayment and the minimum, which are usually mandatory for the bargain
so 150 + 18*12 = 366
so, before the grace/deferred period ends, she only owes 975+(975*0.2679)- 366
but if she was paying 26.79% in the deferred period, then she paid more than 366