Your parents purchase a computer for $1.257.00 plus 6% sales tax. They decide to finance it through the store's 0% program for 6

Question

3 years ago

5

Your parents purchase a computer for $1.257.00 plus 6% sales tax. They decide to finance it through the store's 0% program for 6

months. The terms state that they pay nothing until
the 6 months are over. When they receive the bill, they forget to pay it and are assessed a late fee of $45.00 plus the interest accrued to that point at a 16.75% APR. How much interest
will they be charged?

Mathematics