Question

Felicia installed a new pool for $17,190 using a 12-month deferred payment plan with an interest rate of 18.67%. What is the balance after the deferment period if payments of $589 are made each month? (3 points)
Select one:
a. $10,122.00 Incorrect
b. $20,688.76
c. $13,620.76
d. $17,190.00

Answer 1

Answer: c. $13.620.76

Step-by-step explanation: