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  • 3 years ago

Sakura purchased ski equipment for $1,248 using a six-month deferred payment plan. The interest rate after the introductory period is 23.79%. A down payment of $175 is required as well as a minimum monthly payment of $95. What is the balance at the beginning of the seventh month if only the minimum payment is made during the introductory period?

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  1. heatherlambert2
    • 3 years ago
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    $1,207.13 $659.00 $1,112.13 $637.13

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