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valenbric
 3 years ago
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 18month 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?
valenbric
 3 years ago
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 18month 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?

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darkb0nebeauty
 3 years ago
Best ResponseYou've already chosen the best response.0s the definition of the deferment period that no interest accumulates during the deferment period? @valenbric

valenbric
 3 years ago
Best ResponseYou've already chosen the best response.0In this one I think there is no interest during the deferment period because it says introductory period.

darkb0nebeauty
 3 years ago
Best ResponseYou've already chosen the best response.0then i cant help

valenbric
 3 years ago
Best ResponseYou've already chosen the best response.0Can you try it calculating interest though?

valenbric
 3 years ago
Best ResponseYou've already chosen the best response.0my choices are $1,011.60 $1,084.80 $1,215.60 $1,227.60
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