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anonymous
 4 years ago
CHECK MY WORK, please? :) 1) Susannah purchased a lawn mower for $1,250 using a sixmonth 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? My answer:1,241.49
anonymous
 4 years ago
CHECK MY WORK, please? :) 1) Susannah purchased a lawn mower for $1,250 using a sixmonth 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? My answer:1,241.49

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