Advanced Algebra

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Bart made some home improvements for $6,091 using a six-month deferred payment plan with an interest rate of 23.79%. What is the balance after the deferment period if no payments are made?

A.$6,091.00
B.$6,776.90
C.$7,540.05
D.$6,852.40

My answer is D

  • Advanced Algebra -

    P = Po + Po*r*t.
    P = 6091 + 6091*0.2379*0.5 =

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