## sportsgirl 2 years ago Sally purchased a dining room set for \$1,780 using a 12-month deferred payment plan with an interest rate of 25.48%. She did not make any payments during the deferment period. What will Sally’s monthly payment be if she must pay off the dining room set within two years after the deferment period?

1. Chlorophyll

2. sportsgirl

i have no idea im so lost with this its not even funny

3. Chlorophyll

Can you fill the number into this formula A = P ( 1 + r ) ^t

4. sportsgirl

thats what i was thinking but using the formula to go with it the B=P(1+i)^nt

5. Chlorophyll

Could you fill the numbers in so I can know where your mistake?

6. sportsgirl

1780(1+.2548/12)^12 i think lol

7. Chlorophyll

It's absolutely correct =)

8. sportsgirl

ya but i get 2249.26 and that not an answer :(

9. Chlorophyll

No, it's just first step !

10. sportsgirl

oooo wait do u no what the answer is because i think i got it and i got 95.43 but i feel like im wrong because i suck at this lol

11. Chlorophyll

Let me do the calculation!

12. sportsgirl

alright lol

13. sportsgirl

thats not one of the answers

14. sportsgirl

\$105.35 \$122.80 \$74.17 \$95.44

15. sportsgirl

Sally purchased a dining room set for \$1,780 using a 12-month deferred payment plan with an interest rate of 25.48%. She did not make any payments during the deferment period. What will Sally’s monthly payment be if she must pay off the dining room set within two years after the deferment period? \$105.35 \$122.80 \$74.17 \$95.44 thats them together

16. sportsgirl

ok hahaha

17. Chlorophyll

= \$122.7968

18. sportsgirl

thank you so much