Cheryl purchased a pool for $8,960 using a six-month deferred payment plan with an interest rate of 27.35%. She did not make any payments during the deferment period. What will Cheryl's monthly payment be if she must pay off the pool within six years after the deferment period?
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Home » Mathematics » Cheryl purchased a pool for $8,960 using a six-month deferred payment plan with an interest rate of 27.35%. She did not make any payments during the deferment period.