Andrew purchased a living room set for $2,276 using an 18-month deferred payment plan with an interest rate of 23.49%. What is the balance after the deferment period if no payments are made?

a.) $2,276.00

b.) $2,810.63

c.) $3,123.34

d.) $3,226.39

Question

Jacob Baldwin

10 December, 18:36

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Franklin Stevenson · Answer 1

Franklin Stevenson 10 December, 18:53

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The answer is c) 3,123.34

Andrew purchased a living room set for $2,276 using an 18-month deferred payment plan with an interest rate of 23.49%. What is the balance after the deferment period if no payments are made?a.) $2,276.00b.) $2,810.63c.) $3,123.34d.) $3,226.39