Help anyone?

Wyatt purchased a living room set for $4,109 with an 18-month deferred payment plan. The interest rate on the plan was 27.41%. The living room set must be paid off within three years after the deferment period. What is the total cost of the living room set if she made no payments during the deferment period and made only minimum payments after the deferment period?

$4,109.00

$6,170.03

$9,117.00

$13,675.50

Question

Help anyone?

Wyatt purchased a living room set for $4,109 with an 18-month deferred payment plan. The interest rate on the plan was 27.41%. The living room set must be paid off within three years after the deferment period. What is the total cost of the living room set if she made no payments during the deferment period and made only minimum payments after the deferment period?

 $4,109.00

 $6,170.03

 $9,117.00

 $13,675.50

anonymous · Answer

could you explain step by step to the answer please? @agent0smith

agent0smith · Answer

wait didn't we do this one?

anonymous · Answer

yes but I still couldn't find the answer :/

agent0smith · Answer

Okay i'll post it in the other question since i wrote the numbers there, k?

agent0smith · Answer

See the other question :)