Here's the question you clicked on:
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?
@sportsgirl Any idea to start with?
i have no idea im so lost with this its not even funny
Can you fill the number into this formula A = P ( 1 + r ) ^t
thats what i was thinking but using the formula to go with it the B=P(1+i)^nt
Could you fill the numbers in so I can know where your mistake?
1780(1+.2548/12)^12 i think lol
It's absolutely correct =)
ya but i get 2249.26 and that not an answer :(
No, it's just first step !
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
Let me do the calculation!
thats not one of the answers
$105.35 $122.80 $74.17 $95.44
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