Zelma purchased an entertainment center for $4,174 using a 12-month deferred payment plan with an interest rate of 25.35%. She did not make any payments during the deferment period. What will the total cost of the entertainment center be if she must pay it off within five years after the deferment period?

$7,610.40

$4,174.00

$5,364.13

$9,513.00

Question

Zelma purchased an entertainment center for $4,174 using a 12-month deferred payment plan with an interest rate of 25.35%. She did not make any payments during the deferment period. What will the total cost of the entertainment center be if she must pay it off within five years after the deferment period?

 $7,610.40

 $4,174.00

 $5,364.13

 $9,513.00

anonymous · Answer

@jim_thompson5910 Is this like the Samantha question? If you remember that