Question

Becky purchased a home entertainment center for $2,254 using an 18-month deferred payment plan with an interest rate of 22.48%. She did not make any payments during the deferment period. What will Becky's monthly payment be if she must pay off the home entertainment center within three years after the deferment period? (3 points)

Answer 1

the answer should be $ 76.69

%22.48 of 2,254 would be 506.70 divided by the 36 months of her payment equals 76 .69 i hope that helped :)