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10 November, 23:30

14. Fiona installed a new pool for $9,940 using a 12 month deferred payment plan with an interest rate of 22.53%. What is the balance after the deferment period if payments of $397 are made each month.

A$7,761.84

B$9,940.00

C$5,176.00

D$12,425.84

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Answers (1)
  1. 11 November, 01:46
    0
    The only one this could possibly be would be d because the interest rates are making it go up higher. The only one with a higher amount would be d.
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