Question

If you make only the minimum payment each month, what will the total cost of the computer be?

Answer 1

The answer is C. $755

Answer 2

Answer:

$755

Explanation:

Cost of the computer: $600

APR: 12,9%

Total duration of payment: 2 years

First, let's calculate the amount of interest that will be paid:

A=($600)(0,129)(2)

A=$155

Then, to determine the total cost of the computer you have to add the price of the computer plus the interests:

$600+$155= $755