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 2 years ago
Sally purchased a dining room set for $1,780 using a 12month 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?
 2 years ago
Sally purchased a dining room set for $1,780 using a 12month 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?

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Chlorophyll
 2 years ago
Best ResponseYou've already chosen the best response.0@sportsgirl Any idea to start with?

sportsgirl
 2 years ago
Best ResponseYou've already chosen the best response.0i have no idea im so lost with this its not even funny

Chlorophyll
 2 years ago
Best ResponseYou've already chosen the best response.0Can you fill the number into this formula A = P ( 1 + r ) ^t

sportsgirl
 2 years ago
Best ResponseYou've already chosen the best response.0thats what i was thinking but using the formula to go with it the B=P(1+i)^nt

Chlorophyll
 2 years ago
Best ResponseYou've already chosen the best response.0Could you fill the numbers in so I can know where your mistake?

sportsgirl
 2 years ago
Best ResponseYou've already chosen the best response.01780(1+.2548/12)^12 i think lol

Chlorophyll
 2 years ago
Best ResponseYou've already chosen the best response.0It's absolutely correct =)

sportsgirl
 2 years ago
Best ResponseYou've already chosen the best response.0ya but i get 2249.26 and that not an answer :(

Chlorophyll
 2 years ago
Best ResponseYou've already chosen the best response.0No, it's just first step !

sportsgirl
 2 years ago
Best ResponseYou've already chosen the best response.0oooo 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

Chlorophyll
 2 years ago
Best ResponseYou've already chosen the best response.0Let me do the calculation!

sportsgirl
 2 years ago
Best ResponseYou've already chosen the best response.0thats not one of the answers

sportsgirl
 2 years ago
Best ResponseYou've already chosen the best response.0$105.35 $122.80 $74.17 $95.44

sportsgirl
 2 years ago
Best ResponseYou've already chosen the best response.0Sally purchased a dining room set for $1,780 using a 12month 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
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