Question

Sharon purchased a sprinkler system for $1,950 using a six-month deferred payment plan. The interest rate after the introductory period is 23.99%. No down payment is required, but there is a minimum monthly payment of $25. What is the balance at the beginning of the seventh month if only the minimum payment is made each month during the introductory period? (4 points)

Answer 1

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http://openstudy.com/study#/updates/50fb3a5be4b0860af51e3f37

Answer 2

wow thanks