Question

Adriano purchased a living room set for $4,308 using an 18-month deferred payment plan with an interest rate of 16.59%. What is the balance after the deferment period if no payments are made?

Answer 1

$5,022.70
$4,308.00
$5,515.81
$5,423.35

Answer 2

@ganeshie8

Answer 3

@jagr2713 do you know anyone that knows about this topic?

Answer 4

@sleepyjess @TheSmartOne

Answer 5

Do you know any way that I can solve this @sleepyjess

Answer 6

I'm looking

Answer 7

You don't know @sleepyjess

Answer 8

I really am not sure, @Kainui @hartnn

Answer 9

or @mathslover

Answer 10

@mathslover Can you help me?

Answer 11

if no payment made would pay the interest rate on purchase price Find the amount of interest and add to amount of purchase

Answer 12

how would I do that?

Answer 13

$4308 x 16.59%= then add to $4308 for total

Answer 14

I got 5022.6972 which rounds 5022.70

Answer 15

that is what I got too :)

Answer 16

Can you help me on a few more @Lcb2516

Answer 17

I can try

Answer 18

Shelby purchased ski equipment for $827 using a six-month deferred payment plan. The interest rate after the introductory period is 13.87%. A down payment of $190 is required as well as a minimum monthly payment of $85. What is the balance at the beginning of the seventh month if only the minimum payment is made during the introductory period?

$682.47
$172.47
$597.47
$186.04

Answer 19

@Lcb2516

Answer 20

Sabrina purchased a dining room set for $2,390 using a 12-month deferred payment plan with an interest rate of 24.28%. She did not make any payments during the deferment period. What will Sabrina’s monthly payment be if she must pay off the dining room set within two years after the deferment period?

$161.12
$126.64
$99.58
$136.55

Answer 21

Can you check this one for me I got the first response but still

Answer 22

I better let someone else help on the last two

Answer 23

Ok can you tag them @Lcb2516

Answer 24

ask directrix he is great when explaining things good luck

Answer 25

@Directrix Can you help me