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

1. 13
1. P = Po + Po*r*t.
P = 6091 + 6091*0.2379*0.5 =

posted by Henry
2. the answer is D. i took the quiz.

posted by poe

Similar Questions

Sharon purchased a sprinkler system for \$1,950 using a six-month deferred payment plan. The interest rate after the introductory period is 23.99%. No down payment is required, but there is a minimum monthly payment of \$25. What is
2. algebra

Susannah purchased ski equipment for \$978 using a six-month deferred payment plan. The interest rate after the introductory period is 21.45%. A down payment of \$150 is required as well as a minimum monthly payment of \$75. What is
3. MATH

In order to make some home improvements, a home owner spent \$24,000. He paid 18% as a down payment and financed the balance of the purchase with a 36-month fixed installment loan with an APR of 4.5%. Determine the home owner's
4. tax

Can someone please check my answer for the following problem. The Smiths wish to refinance their home worth \$250,000. They originally paid \$130,000 for the home and made \$25,000 in improvements. The bank is willing to let the

Sheds R Us sells \$600 sheds on a monthly payment plan over 2 years. a) If the interest rate is 1.5% per month, find the monthly payment. Answer = \$ b) If instead the interest rate is 1.75% per month, find the monthly payment
6. computer programming

Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging
7. Computer science

Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging
8. Finance

subject is purchasing a home for \$45,00.00 with \$5,000.00 down payment @ 11% interest. Will this be covered in 10 years and how much payment per month?