Susannah purchased a lawnmower for $1,250 using a six-month deferred payment plan. The interest rate after the introductory period is 25.99%

Question

Susannah purchased a lawnmower for $1,250 using a six-month deferred payment plan. The interest rate after the introductory period is 25.99%. No down payment is required, but there is a minimum monthly payment of $30. What is the balance at the beginning of the seventh month if only the minimum payment is made each month during the introductory period? (4 points)
a $1,070.00
b $1,250.00
c $1,241.49
d.$1,421.49

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2 months 2021-07-31T19:11:34+00:00 2 Answers 1 views 0

Answers ( )

    0
    2021-07-31T19:13:17+00:00

    Answer:

    Is the B $1,250.00

    0
    2021-07-31T19:13:23+00:00

    Answer:

    A is the correct answer to the problem!

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