MATH

Your original purchase price was $825.00 plus 7% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the interest is accrued from the date of purchase. You miss the first payment due date. The late fee is $35.00. How much is the interest?
• $103.13
• $110.34
• $8.59
• $9.20 my answer???
How much is the interest if you do not pay the second month?
• $9.05
• $9.66 my answer???
• $121.53
• $143.70

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  1. those two are correct my friend

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  2. Second month is 9.66

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