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Farrah installed a new pool for $14,730 using a 12-month deferred payment plan with an interest rate of 19.33%. What is the balance after the deferment period if payments of $527 are made each month?
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Farrah installed a new pool for $14,730 using a 12-month deferred payment plan with an interest rate of 19.33%. What is the balance after the deferment period if payments of $527 are made each month?

User Slkorolev
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1 Answer

3 votes
D. $11,519.62 Is your exact answer, Hope This Helps! :)
User Amirsalar
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