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AGummiBear55
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What formula do I use for this question? Becky purchased a home entertainment center set for $2,254 using an 18month 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?
 2 years ago
 2 years ago
AGummiBear55 Group Title
What formula do I use for this question? Becky purchased a home entertainment center set for $2,254 using an 18month 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?
 2 years ago
 2 years ago

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Chlorophyll Group TitleBest ResponseYou've already chosen the best response.1
Compound interest formula for 18 months :)
 2 years ago

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
Oh!!! Thank you! Can you help me find the formula for: Julio purchased some power tools totaling $2,174 using a sixmonth deferred payment plan with an interest rate of 28.19%. He did not make any payments during the deferment period. What will the total cost of the dining room set be if he must pay off the dining room set within two years after the deferment period?
 2 years ago

Chlorophyll Group TitleBest ResponseYou've already chosen the best response.1
No, not yet! I haven't done with it!!!
 2 years ago

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
Oh, okay... :)
 2 years ago

Chlorophyll Group TitleBest ResponseYou've already chosen the best response.1
Do you want me to check your 18 month result?
 2 years ago

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
Yeah.. I think I did it wrong. I got: 4405.83. But the multiple choices I'm given are: $121.01 $87.45 $62.61 $113.72
 2 years ago

Chlorophyll Group TitleBest ResponseYou've already chosen the best response.1
Give me the minute to check!
 2 years ago

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
okay... take your time. :)
 2 years ago

Chlorophyll Group TitleBest ResponseYou've already chosen the best response.1
Monthly payment $121.009 = $121.01
 2 years ago

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
Ahh!! You're amazing!! :D Thank you so so much..
 2 years ago

Chlorophyll Group TitleBest ResponseYou've already chosen the best response.1
Open the new post for the next question :)
 2 years ago

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
okay. :)
 2 years ago

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
the question is open... :)
 2 years ago
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