Answer:
Option D is correct.
Step-by-step explanation:
Sonia purchased a pool for $2,150 using a six-month deferred payment plan.
No down payment is required, but there is a minimum monthly payment of $35.
So, payments made in 6 months = = $210
Now, compound interest is found as:
Here p = 2150
r = 27.99% or 0.2799
n = 12
t = 1/2 = 0.5
Substituting the values in formula we get;
=>
A = $2468.99
Balance = = $2258.99
Therefore, the answer is option D.