Question

You purchase a computer for $875.00 plus 5% sales tax. You decide to finance it through the store's 0% program for 12 months. The terms state you pay nothing until the 12 months are over. When you receive the bill, you forget to pay it and are assessed a late fee of $39.00 plus the interest accrued to that point at 14.25% APR. How much interest will you be charged? $124.69 $136.48 $130.92 $130.25

Answer 1

Answer:

you will be charged $124.69 interest

Step-by-step explanation:

you just had to find what was 14.25% of $875

which is 124.69

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