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## Susannah purchased a lawnmower for $1,250 using a six-month deferred payment plan. The interest rate after the introductory period is 25.99%

Question

Susannah purchased a lawnmower for $1,250 using a six-month deferred payment plan. The interest rate after the introductory period is 25.99%. No down payment is required, but there is a minimum monthly payment of $30. What is the balance at the beginning of the seventh month if only the minimum payment is made each month during the introductory period? (4 points)

a $1,070.00

b $1,250.00

c $1,241.49

d.$1,421.49

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Mathematics
2 months
2021-07-31T19:11:34+00:00
2021-07-31T19:11:34+00:00 2 Answers
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## Answers ( )

Answer:

Is the B $1,250.00

Answer:A is the correct answer to the problem!