Question

Samantha purchased a dining room set for $2,910 using a 12-month deferred payment plan with an interest rate of 22.98%. She did not make any payments during the deferment period. What will Samantha’s monthly payment be if she must pay off the dining room set within two years after the deferment period? A. $121.25 B. $160.02 C. $191.33 D. $152.24

Answer 1

C. I hope this helps!