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Mathematics, 05.10.2021 16:10 haydenoo72

19. Susannah purchased ski equipment for $978 using a six-month deferred payment plan. The interest rate after the introductory period is 21.45%. A down payment of $150 is required as well as a minimum monthly payment of $75. What is the balance at the beginning of the seventh month if only the minimum payment is made during the introductory period? (2 points)

$470.87

$487.69

$845.87

$920.87

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Answers: 3

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