Question

Sonia purchased a pool for $2,150 using a six-month deferred payment plan. The interest rate after the introductory period is 27.99%. No down payment is required, but there is a minimum monthly payment of $35. What is the balance at the beginning of the seventh month if only the minimum payment is made each month during the introductory period?
help plzz

Answer 1

lol they don't even change the numbers in problems is it. Exact same problem here :

https://answers.yahoo.com/question/index?qid=20120225133428AAghrEl

Answer 2

This webpage is not available

Answer 3

Oh, well the answer is here:

35 * 6= 210 in payments made

A= P( 1 +r/n)^(n*t)

A = 2150( 1 + 0.2799/12)(12*.5) = 2468.99 amount deferred
2468.99 - 210 paid = $2258.99

Most deferred payment plans charge the interest from date of purchase, it is NOT applied to the loan as long as it is paid off before the end of the deferred period.

Answer 4

thnx

Answer 5

i did the saame thing

Answer 6

thnx guys

Answer 7

No problem.

Answer 8

anytime u need help

Answer 9

Karolyn bought a water softener from a rental center for $1,850. She makes 16 monthly payments of $162.75 with her credit card. The rental center charges a $2.25 fee for every late payment made with a credit card. What is the total cost of the water softener if each payment is late?
Could you guys help me with this i did it $2,604

Answer 10

the equation i think 16 x $162.75
Then add 16 x $2.25 (late fee)

Answer 11

wait the answer is 2.604

Answer 12

i think idk

Answer 13

ok

Answer 14

@iGreen help me

Answer 15

was that wrong

Answer 16

i think itswrong cause we don't use $1,850

Answer 17

hmmmmmmmmmmmmmm

Answer 18

16 x $162.75
Then add 16 x $2.25 (late fee) :)

Answer 19

its 2604 thats the answer but what should i do with 1850

Answer 20

told u

Answer 21

thnx

Answer 22

it's wrong @Miracrown @uChezzy

Answer 23

the answer is wrong i got 0

Answer 24

Did you added like I told you to?

Answer 25

yes

Answer 26

What did you write as an answer?

Answer 27

they change thequestion

Answer 28

2604

Answer 29

No, see, you did it wrong.
You didn't even bother following my instructions.
I told you to, calculate this first: 16 x $162.75 which = 2604
and then, I told you to: add 16 x $2.25 which = 36

So, 2604+36 = 2640, my friend. :)

Answer 30

oh :/

Answer 31

bossy

Answer 32

Yesh, don't rush with your work!

Answer 33

Don't worry, we all make mistakes - nothing to be discouraged about.

Answer 34

thank you :/ help me with this please Karen bought a dishwasher from a rental center for $650. She makes 16 monthly payments of $63.75 with her credit card. The rental center charges $1.50 for every payment made with a credit card. What is the total cost of the dishwasher?

Answer 35

especially me

Answer 36

$1,044 i google it

Answer 37

its from this site so

Answer 38

are the google answers are right most of the time i google the answers i always got them wrong

Answer 39

They aren't reliable, just give it a shot at it yourself and then if you have any doubts with it, don't hesitate to ask any one of us. We're all here to help you! :)

Answer 40

yea what miracrown said

Answer 41

Sarah purchased a swing set for $1,450 using a six-month deferred payment plan. The interest rate after the introductory period is 19.99%. No down payment is required, but there is a minimum monthly payment of $20. What is the balance at the beginning of the seventh month if only the minimum payment is made each month during the introductory period?
what about this one &*_*