Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

AGummiBear55

  • 3 years ago

Help please!? Becky purchased a home entertainment center set for $2,254 using an 18-month deferred payment plan with an interest rate of 22.48%. She did not make any payments during the deferment period. What will Becky’s monthly payment be if she must pay off the dining room set within three years after the deferment period? $121.01 $87.45 $62.61 $113.72

  • This Question is Closed
  1. AGummiBear55
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    This is what I have so far: 2254(1+.2248/ .....

  2. AGummiBear55
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    would it be: 2254(1+.2248/18)^(18)(3)

  3. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy