Advanced Algebra
posted by Steve .
Bart made some home improvements for $6,091 using a sixmonth 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

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