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ally7343

  • 2 years ago

How do I solve this? Matthew purchased a washer and dryer for $2,315 using an 18-month deferred payment plan with an interest rate of 24.92%. What is the balance after the deferment period if payments of $95 were made each month?

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  1. themonkey
    • 2 years ago
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    $95x18= $1710 the interest would be would be $92.90 so $1710+92.90=$1802.90 2,315-1802.9=512.10

  2. ally7343
    • 2 years ago
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    The options are $1,641.41 $3,351.41 $605.00 $2,315.00

  3. themonkey
    • 2 years ago
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    My guess would be C that's what you get if you go with 17 instead of 18

  4. ally7343
    • 2 years ago
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    Thank you.! Can you help with a few more.?(:

  5. themonkey
    • 2 years ago
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    I would but my class is about to be over I'm sorry

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