Question

Charlotte purchased a pool for $7,680 using a six-month deferred payment plan with an interest rate of 20.45%. She did not make any payments during the deferment period. What will Charlotte’s monthly payment be if she must pay off the pool within three years after the deferment period?

Answer 1

pretty please help me (:

Answer 2

@sillybilly123

Answer 3

312.72 using a monthly (decompounded) rate

this is not a math/logic problem. sadly, you need to build a cashflow or code it

https://docs.google.com/spreadsheets/d/1w4NOtDKwMI0K2-Pc-1F4Ypj2CYDe6KYCysMCR4F2cO0/edit?usp=sharing