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 2 years ago
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
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?

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

AGummiBear55
 2 years ago
Best ResponseYou've already chosen the best response.0Oh!!! 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?

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

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

AGummiBear55
 2 years ago
Best ResponseYou've already chosen the best response.0Yeah.. 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

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

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

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

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

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

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