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valenbric
Lillian made a down payment of $150 on some hockey equipment. The balance of the purchase price was paid for using a deferred payment plan with an 18-month introductory period. The interest rate is 26.79%. If the purchase price of the hockey equipment was $975 and minimum payments of $12 were made during the deferment period, what is the balance after the deferment period?
s the definition of the deferment period that no interest accumulates during the deferment period? @valenbric
In this one I think there is no interest during the deferment period because it says introductory period.
then i cant help
Can you try it calculating interest though?
my choices are $1,011.60 $1,084.80 $1,215.60 $1,227.60