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JakkuZakku9436
07.06.2020 •
English
Sarah purchased a swing set for $1,450 using a six-month deferred payment plan. The interest rate after the introductory period is 19.99%. No down payment is required, but there is a minimum monthly payment of $20. What is the balance at the beginning of the seventh month if only the minimum payment is made each month during the introductory period
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Ответ:
$1,330
Explanation:
Sarah makes a minimum monthly payment of $20
If she is required to make this payment for a period of six months, then the total payment is
= $20×6
= $120
Since Sarah purchased the swing set for $1,450, then the balance at the beginning of the seventh month can be calculated as follows
= $1,450-$120
= $1,330
Hence the balance at the beginning of the seventh month is $1,330
Ответ:
Me not smart enough for dis question
Explanation: