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Ben made some home improvements for $9,375 using a sixmonth deferred payment plan with an interest rate of 19.42%. What is the balance after the deferment period if no payments are made?
$10,322.95
$9,375.00
$11,195.63
$10,244.95
I know it's B = P (1 + i)^nt... but I can't get it right!!
 one year ago
 one year ago
Ben made some home improvements for $9,375 using a sixmonth deferred payment plan with an interest rate of 19.42%. What is the balance after the deferment period if no payments are made? $10,322.95 $9,375.00 $11,195.63 $10,244.95 I know it's B = P (1 + i)^nt... but I can't get it right!!
 one year ago
 one year ago

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irene22988Best ResponseYou've already chosen the best response.1
try using 0.5 as exponent
 one year ago

AGummiBear55Best ResponseYou've already chosen the best response.0
What do you mean?
 one year ago

irene22988Best ResponseYou've already chosen the best response.1
A=P(1+r)^t A=9375(1.1942)^0.5
 one year ago

AGummiBear55Best ResponseYou've already chosen the best response.0
I think that works! :D THANKS!
 one year ago

irene22988Best ResponseYou've already chosen the best response.1
thanks for the medal :D
 one year ago
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