214k views
1 vote
You decide to buy a refurbished computer for $550.00 plus 6% sales tax. BB Electronics allow you to take out a no-interest loan for 12 months, and after that the interest rate is a 13.25% APR. You must make payments of $25/month, and if you miss one payment you are assessed a late fee of $29.00 plus 13.25% APR interest beginning from the date of purchase. How much is due the first month?

User MichelleJS
by
8.1k points

1 Answer

4 votes
$25 due the first month
User Parv Sharma
by
9.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories