Question

You purchase a computer for $875.00 plus 5% sales tax. You decide to finance it through the store's 0% program for 12 months. The terms state that you must pay $100.00/month and that if you miss a payment, you will be assessed a late fee of $39.00 plus the interest accrued to that point on the initial amount at a 14.25% APR. If you miss a payment in the eighth month, how much interest will you be charged?

Answer 1

@sillybilly123 would you mind looking at this whenever you get a spare moment?